The Inflation Target 10 Years on - speech by Mervyn King
In a speech at the London School of Economics today, Mervyn King, Deputy Governor, Bank of England, explains in detail why price stability is desirable and sets out the benefits it has brought to the UK.
Published on
19 November 2002
He also illustrates the difficulties of measuring inflation using historic price data taken from the Harrods catalogue. Mr King then examines the challenges to monetary policy over the next decade, and notes that two questions have been prominent recently - is inflation targeting enough, and is deflation, not inflation, the main threat at present?
We use necessary cookies to make our site work (for example, to manage your session). We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies.
Necessary cookies
Analytics cookies
Yes
Yes
Yes
No
Necessary cookies
Necessary cookies enable core functionality on our website such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.
Analytics cookies
We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. For more information on how these cookies work please see our Cookie policy.
Press release