Downing Street Says » Inflation Figures

» Tuesday, March 24, 2009

Inflation Figures

Asked if there was a sense of relief after the figures had been released and was there any sense that the corner had been turned on inflation, the PMS replied that the Government s view was that these were difficult times for the UK and the global economy and as the Chancellor had set out in his letter to the Governor of the Bank of England, he welcomed the Monetary Policy Committee s intention to look through the temporary effects in inflation and to set monetary policy in order to meet the 2% inflation target in the medium term.

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