Wednesday, May 16, 2012
Not a clue!
Bank admits inflation will overshoot for 'a year or so' as it warns of eurozone threat to UK growth
The Bank of England moved the goalposts for inflation once more today as it admitted the headline rate would run above target for another 'year or so'.
Posted by happy mondays @ 12:06 PM (2406 views)
4 thoughts on “Not a clue!”
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Zebbedee says:
isn’t that 3 years or so then or discounting the late ’09 blip down 6 years or so 🙁
libertas says:
Well they should know, since they are the ones who create the inflation!
“What You Should Know About Inflation” Henry Hazlitt (1964).
little professor says:
Haven’t they been saying this every year since 2008?
mr g says:
You’ll notice how the tw8t covers his ar*e by saying for “a year or so” which could mean anything.