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- Title
No Picnic at the Bank of England.
- Abstract
The article explores the business condition of the Bank of England. It states that the bank's current inflation rate is higher compared to the rates in the U.S. and in the eurozone. It mentions that the difficulty of the jobs of the Federal Reserve and European Central Bank officials is better than the task of the Bank of England. It discusses the lag effect of the official measurement of inflation by the government of Great Britain. A forecast since prices of oil and food increase, then the inflation rate in Great Britain will increase.
- Subjects
UNITED States; UNITED Kingdom; EFFECT of inflation on the banking industry; BANK of England; PRICE inflation; FEDERAL Reserve banks; EUROPEAN Central Bank; PETROLEUM product sales &; prices; ECONOMIC forecasting
- Publication
International Economy, 2008, Vol 22, Issue 3, p6
- ISSN
0898-4336
- Publication type
Article