Both producer prices and input prices are screaming inflation at the MPC. However, no one down at the Bank of England appears to be listening. More interest rate cuts anyone?
2 comments:
Anonymous
said...
And yet the government claims that "core" inflation (which excludes everything tht matters, of course--food, fuel, utilities) is benign! I guess that's why we had a huge rally today--interest rates cuts are back on. My economics knowledge is far from complete, but I am amazed that the government can get away with such things.
Both producer prices and input prices are screaming inflation at the MPC. However, no one down at the Bank of England appears to be listening. More interest rate cuts anyone?
2 comments:
And yet the government claims that "core" inflation (which excludes everything tht matters, of course--food, fuel, utilities) is benign! I guess that's why we had a huge rally today--interest rates cuts are back on. My economics knowledge is far from complete, but I am amazed that the government can get away with such things.
I just don't understand the MPC.
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