Inflation and Interest Rates Mervyn's Dilemma  

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[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 398 no. 8721 (Feb. 2011), page 49-50.
Topik: Bank of England; monetary-policy; economy; inflation; interest-rate

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.65 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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For many years the job of the Bank of England's monetary policy committee (MPC) seemed straightforward. The knocks that from time to time pushed the economy off its path of steady growth tended to shove inflation downward, too. A weaker economy meant interest-rate cuts; recoveries prompted rate rises. The bank's rate-setters knew it might not always be so easy-that in some instances, output and inflation might be pulled in opposite directions. But they might never have envisaged a policy dilemma quite as acute as the one they now face.

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