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Archive for the ‘Mervyn King’ Category

August 17, 2011, 10:40 AM GMT The Bank of England‘s new mandate is to prevent output volatility. It is no longer targeting inflation. There’s no other way to interpret Governor Mervyn King’s open letter on why inflation remains above the bank’s 2% target. By his own admission, inflation is likely to breach 5% this year. [...]

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