Inflation Rise Just a Blip, Says Governor ; King has to Explain 3.5% Increase
The Journal › February 17, 2010
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Summary
BANK of England Governor Mervyn King insisted yesterday a jump in inflation to 3.5% was "temporary" as the surge in January's figure triggered a letter of explanation to Chancellor Alistair Darling.
Mr King has to write a letter to the Chancellor in the event that inflation is more than 1% above the Bank's 2% target.See the full content of this document
Extract
Inflation Rise Just a Blip, Says Governor ; King has to Explain 3.5% Increase
January's rate of 3.5% was the highest level for the Consumer Prices Index measure of inflation since November 2...
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