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In a speech made at a conference today, Spencer Dale - member of the Monetary Policy Committee and Chief Economist - makes the case for the defence of the MPC on four counts: Why is inflation so high?
Published on
24 March 2011
Why has inflation been so much higher than we expected? Could inflation remain high? And how is the current stance of policy consistent with the inflation outlook? He also explains the reason for his vote at recent MPC meetings to raise Bank rate to 0.75%.
Press release