Tuesday, January 13, 2015
Following the news of deflation in the Eurozone, official figures have shown that the UK inflation rate also fell sharply in December.
The Consumer Prices Index (CPI) now stands at just 0.5%, its lowest rate since May 2000.
According to Mark Carney, the governor of the Bank of England, low inflation is likely to lead to lower interest rates for longer. A fall below 1% also requires Mr Carney to write a letter of explanation to the Chancellor of the Exchequer.
Leading economists believe that the rate of inflation will continue to fall making it unlikely there will be an increase in interest rates "for some considerable time to come".
Watch Mark Carney speak to the BBC's Economics Editor Robert Peston about inflation:
Your basket is empty
Call sales & support on 01902 623 259 or email [email protected].
Our offices are located at:
UK Head Office
Visitors/Meetings By Appointment
Innovation House, 410 Stafford Road, Wolverhampton, West Midlands, WV10 6AJ, UK
We are resellers of Royal Mint, Metalor, Umicore, PAMP Suisse, Valcambi and Perth Mint products.
Site Map | Privacy Policy | Terms & Conditions
© Copyright Group International Ltd 2021. All rights reserved. VAT Registration GB 942 3179 24.
The Gold Bullion Company is a trading name of Group International Ltd, a company registered in England & Wales number 04497345.
* Please refer to our delivery page for more information.