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Analysis of the latest key UK and international economic indicators.
Analysis of the latest key UK and international economic indicators.
The briefing sets out the background to Autumn Budget 2017 which will take place on Wednesday 22 November 2017. The Office for Budget Responsibility (OBR) will publish revised forecasts for the economy and public finances on the same day.
The briefing sets out the background to Autumn Budget 2017 which will take place on Wednesday 22 November 2017. The Office for Budget Responsibility (OBR) will publish revised forecasts for the economy and public finances on the same day.
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
To ask Her Majesty's Government whether they have recently considered setting a temporary or permanent increase in the inflation target set for the Monetary Policy Committee.
To ask Her Majesty's Government whether they have recently considered setting a temporary or permanent increase in the inflation target set for the Monetary Policy Committee.
The Bank of England Act 1998 established that the objectives of the Monetary Policy Committee of the Bank of England are to maintain price stability and, subject to that, to support the economic policy of the Government.
The Chancellor reaffirmed at the Spring Budget 2017 that the committee will continue to target 2 per cent inflation as defined by the 12-month increase in the consumer prices index.
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
The briefing sets out the background to Spring Budget 2017 which will take place on Wednesday 8 March 2017. The Office for Budget Responsibility (OBR) will publish revised forecasts for the economy and public finances on the same day.
The briefing sets out the background to Spring Budget 2017 which will take place on Wednesday 8 March 2017. The Office for Budget Responsibility (OBR) will publish revised forecasts for the economy and public finances on the same day.
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Inflation is still below the Monetary Policy Committee’s official target, and the economy has long been at greater and more worrying risk of deflation than inflation. Will the Chancellor therefore be seeking to dissuade the Governor of the
Bank of England from any thoughts of raising interest rates, which would simply inflict wholly unnecessary damage on the economy?
Inflation is still below the Monetary Policy Committee’s official target, and the economy has long been at greater and more worrying risk of deflation than inflation. Will the Chancellor therefore be seeking to dissuade the Governor of the
Bank of England from any thoughts of raising interest rates, which would simply inflict wholly unnecessary damage on the economy?
No. It is not for me to dissuade or persuade the Governor of the Bank of England in relation to interest rate policy. However, I will say this to reassure the hon. Gentleman: although this morning’s inflation figure—1.6%, as measured on the consumer prices index—is below the Bank of England’s target rate, the forecasts of the OBR and, indeed, the Bank suggest that the figure will meet and exceed the target rate later in the year.
No. It is not for me to dissuade or persuade the Governor of the Bank of England in relation to interest rate policy. However, I will say this to reassure the hon. Gentleman: although this morning’s inflation figure—1.6%, as measured on the consumer prices index—is below the Bank of England’s target rate, the forecasts of the OBR and, indeed, the Bank suggest that the figure will meet and exceed the target rate later in the year.
No. It is not for me to dissuade or persuade the Governor of the Bank of England in relation to interest rate policy. However, I will say this to reassure the hon. Gentleman: although this morning’s inflation figure—1.6%, as measured on the consumer prices index—is below the Bank of England’s target rate, the forecasts of the OBR and, indeed, the Bank suggest that the figure will meet and exceed the target rate later in the year.
Inflation is still below the Monetary Policy Committee’s official target, and the economy has long been at greater and more worrying risk of deflation than inflation. Will the Chancellor therefore be seeking to dissuade the Governor of the
Bank of England from any thoughts of raising interest rates, which would simply inflict wholly unnecessary damage on the economy?
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators