Comment: Braced for a bumpy ride

The Bank of England, along with central banks in several other developed countries, has enjoyed fairly benign conditions in recent years. Inflation pressures have been relatively low, avoiding the need for the Bank to make the tough choice between output and prices.

COMMENT BY CENTRALBANKNET

But these benign conditions are unlikely to remain, was the warning from Mervyn King, governor of the Bank of England, as he appeared before the House of Lords Economic Affairs Committee on October 25. And

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