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"Self-Inflicted Damage" Now the UK Goal; Inflation a "Cause For Optimism"

Colonialgirl Wrote: Feb 14, 2013 7:38 PM
My goodness; aren't liberal progressive left winger opinions and ideas so wonderful. The Bankers get rich and the average citizen gets thoroughly SCREWED.

Inflation is expected to run well above the Bank of England target rate of 2% for another two years in the UK. Don't worry it's a self-inflicted goal.

Moreover, Inflation is a cause for optimism says Bank of England governor Mervyn King.

The UK inflation rate will remain stubbornly high for longer than previously thought, the governor of the Bank of England has said.

Sir Mervyn King now expects inflation, currently 2.7%, to rise to at least 3%...

Related Tags: Inflation