Central Banking

New measure of core inflation in the UK-BoE paper

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CENTRAL BANK RESEARCH - The Bank of England's monetary policy committee research unit has published a paper which addresses the usefulness of measures of core inflation. It was commissioned by external MPC member DeAnne Julius. This is the third paper that has been written by the new MPC Unit. The Unit was set up in 2000 in the wake of a dispute between the Bank and external members of the committee who did not feel that had enough resourses to carry out their won independent research.

The paper

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