BoE Governor warns of ?several years? of house price stagnation

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BoE Governor warns of ?several years? of house price stagnation

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02-14-2008, 07:00 PM

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BoE Governor warns of ?several years? of house price stagnation

In an update on the UK economy, Mervyn King, Governor of the Bank of England, has warned that rising inflation and the global economic turmoil will reduce standards of living in British households.According to the Consumer Price Index, inflation stood at a seven month high of 2.2% in January, with fuel inflation running at 19.3%, [...]

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