Inflation Worries Could Put Brake on Interest Rate Cut; ECONOMICS
Record high inflation expectation figures will give the Bank of England Monetary Policy Committee cause to hesitate before making further interest rate cuts, according to the latest figures from BDO Stoy Hayward's Business Trends report.
The accountancy firm's Inflation Index leapt once again from 111.8 in January to 113.7 in February, an all time high for the measurement which has been running since 1998.
The 'poll of business polls' also reveals that short term business confidence remains shaky.
It fell further from 99.8 in January to 99.4 in February, the fifth consecutive month it has declined.
After a resurgence over the last few months, the …
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Publication information: Article title: Inflation Worries Could Put Brake on Interest Rate Cut; ECONOMICS. Contributors: Not available. Newspaper title: The Birmingham Post (England). Publication date: February 29, 2008. Page number: 17. © 2009 Birmingham Post & Mail Ltd. COPYRIGHT 2008 Gale Group.
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