Posts tagged: governor Mervyn King

Bank governor forced to send letter to new Chancellor as inflation hits 17-month high

Tweet Bank governor forced to write to new Chancellor Rising cost of food places most pressure on prices inflation figures make gloomy reading for savers Inflation likely to fall back to its 2% target within a year The economic nightmare confronting the new coalition government got worse today after inflation rose to a 17-month high in April – placing further pressure on interest rates. The rise triggers an open letter from Bank of Englan ... Jump to full article >>