Imported Inflation?

Posted by Mark on 9th Apr 2011
I am a glorified retail agent, Mervyn King is a lauded central banker.

Inflation in the UK is temporary and beyond our control, according to one of us.

However, Sterling has fallen by over 25% against its trade weighted index in the last 3 years, due to the deliberate policy of debasing the pound through low interest rates and QE, in order to boost our export economy.

In the same time the Swiss Franc and the Norwegian Krone have appreciated significantly.

UK inflation >4%, Norwegian 1.1%, Switzerland 0.5%

I am a glorified retail agent, Mervyn King is a lauded central banker.

One of us is economically illiterate?

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