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Low Inflation and Business
The
United Kingdom has experienced low and stable inflation over
recent years. This has probably diluted memories of the high
inflation and economic instability that once seemed to characterise
the UK economy. This pamphlet explains why economic well-being
depends on maintaining stable prices. It outlines the benefits
of low inflation to business and the wider community and describes
how the Bank of England undertakes the task of setting interest
rates to meet the Government's inflation target.
Key Resources
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Freedom of Information
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