BoE paper on low inflation since 1999

In a paper published on Thursday 27 January, 'Why has inflation been so low since 1999?',Bank of England Monetary Policy Committee member Stephen Nickell said looking to the future, there seems no reason why UK domestic goods price inflation will fall significantly below current levels and, very recently, it appears that imported goods prices have stopped falling.

"The continued strength of the world economy will imply further upward pressure on the world prices of traded goods which suggests

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