Home > Bank of England, Inflation > It’s Still Price Stability All the Way to Tokyo

It’s Still Price Stability All the Way to Tokyo

Left Outside has another great post explaining what was announced yesterday by the MPC in detail, and read his first here.

The simplest way to tell that there was no massive change in the BoE’s policy stance yesterday is to look at the forecasts.  The forecasts for inflation are basically unchanged since the May inflation report.

Bank of England Median CPI Forecasts

Bank of England Median CPI Forecasts

The Bank is still expecting to hit its 2% target at around the two year horizon, and then slightly undershoot from mid-2015 onwards.

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Categories: Bank of England, Inflation
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  1. August 9, 2013 at 08:32

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