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Bank warns inflation 'to stay high'

#3
Maybe they wanted to reduce the number of loaning.
Which'd be bad, wouldn't it, since we might all have less dosh to spend on the tat you're hoping to spam us into buying.

Given that between 1970 and 1990, inflation didn't fall below 3% and was usually rather more than that (see 1975 and the 24.9% rate (measured by RPI) for more details...), I do like the way that the media leap up and down and claim that inflation is 'high' these days.

(That's not to underestimate the issues with this, just a comment on how perceptions have changed).
 

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