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ir10aug

ir10aug

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Published by: qtipx on Aug 11, 2010
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10/25/2012

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Inflation Report
August 2010
 
BANK OF ENGLAND
Inflation Report
August 2010
In order to maintain price stability, the Government has set the Bank’s Monetary PolicyCommittee (MPC) a target for the annual inflation rate of the Consumer Prices Index of 2%.Subject to that, the MPC is also required to support the Government’s objective of maintaininghigh and stable growth and employment.The
Inflation Report
is produced quarterly by Bank staff under the guidance of the members ofthe Monetary Policy Committee. It serves two purposes. First, its preparation provides acomprehensive and forward-looking framework for discussion among MPC members as an aid toour decision making. Second, its publication allows us to share our thinking and explain thereasons for our decisions to those whom they affect.Although not every member will agree with every assumption on which our projections arebased, the fan charts represent the MPC’s best collective judgement about the most likely pathsfor inflation and output, and the uncertainties surrounding those central projections.This
Report
has been prepared and published by the Bank of England in accordance withsection 18 of the Bank of England Act 1998.
The Monetary Policy Committee:
Mervyn King, GovernorCharles Bean, Deputy Governor responsible for monetary policyPaul Tucker, Deputy Governor responsible for financial stabilitySpencer DalePaul FisherDavid MilesAdam PosenAndrew SentanceMartin Weale
The Overview of this
Inflation Report
is available on the Bank’s website at
www.bankofengland.co.uk/publications/inflationreport/infrep.htm.
The entire
Report
is available in PDF at
www.bankofengland.co.uk/publications/inflationreport/2010.htm.
PowerPoint
versions of the charts in this
Report
and the dataunderlying most of the charts are provided at
www.bankofengland.co.uk/publications/inflationreport/2010.htm.

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