Can an interest rate rise halt UK inflation? Experts debate the data
by from on (#35XQG)
Two former members of the Bank of England's rate-setting committee discuss the outlook for the UK economy
Professor of economics at Dartmouth College, New Hampshire, and member of the Bank of England's monetary policy committee (MPC) from June 2006 to May 2009
Inflation is when prices rise. Deflation is the opposite - price decreases over time - but inflation is far more common.
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