The February Inflation Report contained no big surprises – as the Bank of England revised up its inflation forecast a little and revised down its near-term growth projection slightly. This combination of changes means that the MPC now judges that the growth-inflation trade-off has worsened somewhat. The expected hawkishness of Governor Mervyn King (following yesterday’s [...]
Filed under: Economics, fiscal tightening, monetary policy, UK | Tagged: Bank of England, inflation, monetary policy, UK | Leave a Comment »



