Bank of England's Inflation Target

[Fittster]

"For 42 of the past 51 months, inflation has been above the Bank's 2pc target. And, since April 2007, King has had to write seven letters of explanation to the Chancellor – the first since 1992."


Hmm,

"LONDON (Reuters) - British inflation will fall well below its 2 percent target in two years, even if interest rates remain at record lows, the Bank of England said on Wednesday, leaving scope for further policy easing if the economy worsens."

Edited by Fittster on Wednesday 11th August 11:35