Unclear if inflation drop is a trend
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Len Shackleton quoted by The Scotsman
Len Shackleton quoted by ExecReview
ExecReview wrote:
“Rishi Sunak’s pledge to halve inflation by the end of the year may still be optimistic, but at least there are no grounds for the Bank of England to raise interest rates further.
“Nor are there any grounds for panic measures to hold down prices artificially, such as Grant Shapps’ silly initiative to curb supermarket petrol prices.”
You can read the full article here.