BoE's Nickell sees UK inflation checked

Spare capacity in the UK economy will help lower inflationary pressures, and will keep inflation below the Bank of England's target, according to outgoing Bank of England Monetary Policy Committee member, Steve Nickell.

"Demand is not going to be fast enough to eliminate that spare capacity," Nickell said in an interview with The Times.

"Therefore domestic inflationary pressures are not going to be pushing inflation upwards very much at all." Nickell said he believes the inflationary threats fr