BoE's King on the inflation outlook

In opening remarks at an appearance before the parliamentary Treasury Select Committee, Bank of England governor Mervyn King said further volatility in inflation is likely in the coming months as retail gas and electricity prices fall.

He also added that the volatility has been going on for some time. "The news in the unexpected fall in inflation from 3 pct to 2.7 pct in January was largely offset by the subsequent unexpected pick up to 2.8 pct in February."

The challenge facing the rate setting

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.