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Turion
18th April 2008, 20:54
The falling pound, high commodity prices et al is expected to push the 'official' inflation rate over 3% later this year. This is 50% above the 2%target the BoE are supposed to track. Ain't they independent, right? So what is going on? Should not interest rates be going up to counter the inflationary threat, and preserve the value of our money. I smell a rat somewhere. Comments please.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/18/cninflation1.xml

Sockpuppet
19th April 2008, 06:38
They are "independent".

In the same "independent" way the SFO is "independent".

Welcome to new Britain.

HTH