BoE's Lambert sees `low and stable' inflation

UK inflation probably will remain ``low and stable'' amid slowing economic expansion and subdued wage growth, Bank of England policy maker Richard Lambert said, indicating he sees little immediate need for higher interest rates.

Click here to read the speech "Why Is Inflation So Low?" on the Bank of England's website

The labour market ``doesn't seem to be getting any tighter'' and will ``play a big part'' in determining the inflation outlook, Lambert said in a speech to the Institute of Charter