Downing Street Says » Inflation

» Thursday, January 13, 2011

Inflation

Asked what the Prime Minister made of John Redwood’s comments on inflation, the PMS said that monetary policy and interest rate decisions were matters for the Bank of England, taken independently of the Government.

Put that the Bank of England were failing to keep inflation at the target level, the PMS referred journalists to the most recent letter by the Governor of the Bank of England as to why inflation had moved away from target.

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