Tag: Mervyn King

• Wednesday, August 18th 2010 - 19:11 UTC

  Bank of England warns about high inflation; rate won’t drop to 2% until mid 2012

  

  The Governor of the Bank of England warned of the dangers of ‘destructive’ high inflation after admitting his surprise that the rise in the UK cost of living continues to overshoot targets, according to a report in the Daily Mail.

• Friday, August 13th 2010 - 02:40 UTC

  UK faces “choppy recovery” in the next two years warns Bank of England

  

  The UK economy faces a “choppy recovery” over the next two years, the governor of the Bank of England, Mervyn King, has warned. His comments came as the Bank lowered its economic growth forecast and said inflation would stay higher for longer than previously forecast.

• Tuesday, May 18th 2010 - 21:53 UTC

  UK consumer inflation reaches 17-month high in April

  

  United Kingdom consumer price inflation unexpectedly jumped to a 17-month high in April, 3.7%, driven by big rises in tax on alcohol and tobacco as well as higher prices for women's clothing and food, data showed.