The Bank of England has failed to achieve the 2% inflation rate and its forecasting has been ill-judged. However, its stance on interest rates is entirely justified given the parlous state of the UK’s domestic economy.
British Politics and Policy at LSE
(14 Jul 2011)
With inflation exceeding the official Bank of England target for the eighteenth month in a row, Tony Dolphin considers the reasons for the Bank’s failure and examines the implications for interest rates.
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