BoE sees strong possibility of inflation undershooting its target

CPI inflation in the UK is set to fall sharply in 2012, and is expected to be below target rather than above over the medium term, according to the Bank of England's (BoE) Inflation Report published on February 15.

The BoE says that while CPI inflation fell to 4.2% in December, down from 5.2% in September, it was still well above the 2% target. However, it says inflation should continue to fall sharply at the start of 2012, as the impact of past rises in VAT and petrol prices drop out of the 12

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: