|
UK's King not fussed by inflation, will keep stimulus
 |
Bank of England Governor Mervyn King said ``undesirably low'' money supply growth will curb inflation and return it to the 2 per cent goal, suggesting he's not yet ready to unwind emergency stimulus.
``Provided monetary growth remains well under control - and remember at present it is undesirably low - inflation should return to target in the medium term,'' King said in a speech at Exeter University in England today. The recent pickup in inflation ``should be temporary,'' he said.
Bonds dropped after data today showed that the inflation rate jumped the most since at least 1997 in December, posing a challenge to policy makers as they consider when the economy will be strong enough to... Full Story |
|
Story Submitter
|
|
Story Stats
Submitted Jan 19, 2010 4:10pm
Members who voted Useful for this story:
ibmgroup
Members who voted Fade for this story:
|
|
Your Vote?
 Useful |
 Fade |
| Cast your vote for this story! |
| Your vote helps fellow traders identify the most useful stories! |
|
|
|
