» Tuesday, March 22, 2011
Inflation
Asked if the Prime Minister had any comment on today’s inflation figures, the PMS said that monetary policy was a matter for the Bank of England. One of the reasons we were seeing high inflation at the moment was because of what was happening to global commodity prices. At his last press conference the Governor of the Bank of England had said that he expected to see inflation above target this year, but then fall back next year.
Asked if the Prime Minister had full confidence in the Governor of the Bank of England, the PMS said that he found it surprising that every time inflation figures were published we were asked to express confidence in the Governor; it went without saying that the Prime Minister had full confidence in the Governor of the Bank of England.
Briefing took place at 10:00 | Search for related news
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