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Friday, 15 January 2010

Inflation lurks in wings as recovery gets going, warns MPC member

Inflation lurks.
A cautious and steady outlook on the economy. Plus anyone who uses the phrase 'bouncebackability' is ok by me.
A double-dip recession would obviously be a pain in the arse, so that's to be avoided if possible, but then inflation can be a nasty bugger if too far one way or the other.
It's one hell of a balancing act the MPC have got to play, and their cautious and pragmatic approach seems to be the best way forward.
Let's hope for the best I suppose

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