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- $1.6545/50. BOE KING: CPI remains uncomfortably high Great deal of uncertainty about CPI outlook; Risk high inflation to push up inflation expectation; Risk of upward pressure on wages, prices; Output remains about 4% below pre-crisis peak; MPC sees rece
$1.6545/50. BOE KING: CPI remains uncomfortably high Great deal of uncertainty about CPI outlook; Risk high inflation to push up inflation expectation; Risk of upward pressure on wages, prices; Output remains about 4% below pre-crisis peak; MPC sees rece
- But MPC could take different view "when it comes";
- Issues for euro periphery very difficult, very challenging.
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