Yesterday's letter from Mervyn King to Alistair Darling, formally notifying him that inflation had breeched the 3pc level, has been met with a mixed reaction from fund groups.
RLAM's economist, Ian Kernohan, advised that the economy needed to slow down, suggesting that the MPC is "loathe to precipitate what they would view as an unnecessary recession by raising interest rates...
Irish border, resignations, market volatility and more
Revealed – successes across all 11 categories
Fidelity International multi-asset CIO James Bateman talks to Julian Marr about recent market volatility, portfolio positioning and his thoughts on the coming year
Follows Phil Young
‘Positive so far’