King readies pen as BoE predicts prices to soar

Mervyn King acknowledged on Wednesday that he would almost certainly need to write at least one letter to the British chancellor in the coming months explaining why inflation is more than a percentage point above the Bank of England's target.

At the press conference following the publication of the Bank's gloomy Inflation Report, Central Bank News heard the Bank's governor say that the outlook for inflation had "deteriorated markedly" since February and that rising energy and food prices woul

To continue reading...

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 indvidual account here: