Global inflation rising says BoE boss - papers 13th June

The paper says the bank’s governor did not indicate which way he believed UK rates should go next, but he made it clear that higher import prices – and not just oil prices – were one of his main concerns. It quotes him as saying: “Even in China, with its growing manufacturing base and large pool of labour, some indicators are showing upward pressures on export prices. And in turn that is raising our import prices, over and above the increases resulting from higher energy costs.” Trade figures last Friday showed underlying import prices rising at their fastest rate for over a decade. ...