Summary
THE Governor of the Bank of England has signalled that interest rates will not rise in response to "volatile" inflation, but that they will eventually have to go up before the bank begins to unwind its quantitative easing stimulus.
Mervyn King used his speech at the annual Mansion House dinner to reassure people that recent inflation spikes would not panic the central bank into increasing rates too soon, whilst also welcoming the announcement by chancellor George Osborne that the Bank would regain control of banking regulation.See the full content of this document
Extract
The Governor of the Bank of England has Signalled That... [Derived Headline]
"Our ability to keep measured inflation close to the target has been hindered by movements in world oil and commodity prices, as well as the temporary reductio...
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