Date: Sunday 22 Apr 2012
Is the Monetary Policy Committee about to do a U-turn in its approach to inflation? So far, the Committee has been relaxed about above-target inflation. Even though inflation hit over 5pc late last year and has averaged around 3.5pc over the past four years, the MPC has kept interest rates at a record low of 0.5pc and has recently been injecting money into the economy through a renewed programme of Quantitative Easing (QE). However, the message appeared to change last week when the decline in inflation stalled. In January, when the VAT rise dropped out of the calculation, CPI inflation dropped to 3.6pc. But there was only a small drop in February – to 3.4pc. And the March figure released last Tuesday showed a rise to 3.5pc, writes Andrew Sentence, a former member of the Bank of England´s Monetary Policy Committee, in the Sunday Telegraph.
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| Currency | UK Pounds |
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| Change Today | 1.00p |
| % Change | 0.63 % |
| 52 Week High | 209.50 |
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| Volume | 9,879 |
| Shares Issued | 17.02m |
| Market Cap | £27.41m |
| RiskGrade | 120 |
| Value |
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| Price Trend |
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| Income |
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| Strong Buy | 1 |
| Buy | 0 |
| Neutral | 0 |
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| Strong Sell | 0 |
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| Latest | Previous | |
|---|---|---|
| Final | Interim | |
| Ex-Div | 15-Feb-12 | 06-Jul-11 |
| Paid | 15-Mar-12 | 02-Aug-11 |
| Amount | 4.40p | 1.80p |
| Time | Volume / Share Price |
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| 10:30 | 1,510 @ 162.00p |
| Chair | William (Bill) Simpson |
| CEO | Bernard Burns |
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