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Inflation expectations central to Bank of England's interest rate policy
The Bank of England should guard against a jump in the public's expectations of inflation as it sets interest rates over the coming months, according to policymaker Martin Weale. Under the Bank's new guidance framework rising inflation expectations – measured through regular opinion surveys – are one of the "knockouts" that could prompt a rate increase before the threshold of a 7% unemployment rate is reached. "We cannot risk a situation where people say we are deliberately looking the other way if the data show a significant change in inflation expectations," Weale said in a speech yesterday. "Our policy of ... (full story)
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- Nov 16, 2013 2:37am Nov 16, 2013 2:37am
- kokhaiang
- | Commercial Member | Joined Aug 2012 | 10 Comments
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- Nov 16, 2013 9:19am Nov 16, 2013 9:19am
- Yuri57
- | Joined Nov 2012 | Status: Member | 99 Comments
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski