Property Investment News - Higher Inflation
Brett's responses to BoE's Martin Weale's fears expectations of higher inflation will become ingrained by The Telegraph on 31 Jan 2011.
Bank of England policymaker Martin Weale, who joined Andrew Sentance to vote for a rise in higher interest rates this month, said on Monday he had been concerned about expectations of high inflation becoming ingrained.
He said a small rise in rates now would be preferable to dealing with the price of addressing high ingrained inflation.
'My concern is that, if businesses and pay-bargainers come to regard an higher inflation rate of 3pc-4pc as normal', Mr Weale wrote in the Guardian newspaper.
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