The Bank of England's fantasy forecast of a decline in annual CPI inflation to about 1% in early 2011 looks even less credible in the wake of March numbers showing an unexpectedly large rise from 3% to 3.4%.
Inflation rose to 3.4% in March, according to the Office for National Statistics.
Interest rates have been kept on hold at 0.5% by the Bank of England.
In the run up to the election, there are changes on the horizon for regulating insurance, particularly in the area of consumer protection.
Mortgage approvals declined in February for the third consecutive month, Bank of England figures reveal.
The FSA must better assess the practical impact its ideas will have on the adviser community before introducing new regulations, urges its newest board member Amanda Davidson.
Inflation fell back to 3% in February after a sharp spike at the beginning of the year.
Bank and building society lending to UK businesses fell at the sharpest pace for over 10 years in January, according to Bank of England figures released today.
Leigh Harrison, co-head of UK equities at Threadneedle, says the market has a number of obstacles to overcome before UK equities can start making good progress.
The Bank of England's Monetary Policy Committee (MPC) voted unanimously to hold its quantitative easing programme and maintain interest rates at their historical low, its minutes reveal.