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Inflation Archive
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Base Rate to Rise in Early 2013
Bold eh? I’m in an extravagant mood today. Let me explain . . . The Bank of England has forecast for some time been that inflation would start to fall, and accelerate, as the year went on with a real risk of going far too low. Only a couple of months ago the MPC pumped [...] -
UK inflation jumps to 3.7% in December
The Office for National Statistics (ONS) said today that the UK Consumer Prices Index (CPI) annual inflation rate rose to 3.7% in December from 3.3% in November. This was the biggest ever month-on-month rise and will put more pressure on the Bank of England to raise interest rates. According to the ONS, air transport and [...] -
Andrew Sentance calls for a gradual rise in UK interest rates
The Bank of England should start raising interest rates to keep inflation in check according to Andrew Sentance, a member of the Bank’s Monetary Policy Committee. In a speech he gave in Belfast yesterday, Mr Sentance set out what he called “three powerful arguments” for a gradual rise in interest rates. Firstly, there are encouraging [...]
