mpc.theyserveforyou.com

mpc: 18 CPI inflation had picked up to 1.6% in December, which was higher than expected. On the basis of the CPI data, it seemed likely that the short-term outlook for inflation was a little higher than it had been a couple of months ago. In line with pre-release arrangements, an advance estimate of CPI inflation in January had been provided to the Governor 3½ days ahead of publication, and this had suggested that the rate would remain at 1.6%.