Inflation going on up Inflation going on up
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  1. #1

    Contractor Among Contractors

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    Default Inflation going on up

    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/mai...inflation1.xml

  2. #2

    Godlike

    Sockpuppet is too good to be a permie

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    Default

    They are "independent".

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

    Welcome to new Britain.

    HTH

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