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.
In a speech today at the Institute of Economic Affairs, Rachel Lomax - Deputy Governor for Monetary Policy - says that the outlook for 2008 and beyond has changed dramatically from forecasts made a year ago, even though both inflation and output growth have so far turned out broadly as expected.
Published on
26 February 2008
This change in view reflects two main factors: the possible future impact of the continuing financial crisis in financial markets; and the renewed build up in global inflationary pressures associated, with soaring energy and food prices.
Press release