Unthinkable that Bank should expect otherwise

Central Banking staff
24 May 2002

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LETTER - Sir, While esteeming the Bank of England's quarterly inflation report as "an impressive showcase for the Bank's latest thinking", Observer finds that "it can be a bit samey: the Bank predicts that inflation will be at or close to its target with a regularity verging on monotony" ("The Old Lady blooms", 20 May).

Letter published in the Financial Times, 24 May.

But could Observer, or anybody else, expect anything different? For the Bank to be seen to be expecting to miss its inflation

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