Detailed text transcripts for TV channel - CNN - 20110224:09:39:00
>> you have to think of the bank of england probably will because inflation is so high in the uk. we've had a v.a.t. hike. we are an important sensitive economy. therefore inflation is much higher here than the u.s. also the mpc and the uk have a very narrow renet to target cpi and cpi low. whereas, in the u.s. there is jobs and growth l to the arena as well so they have more flexibility. and in a year or so, while there are some concerns about inflation, it's much lower and obviously they have that in the peripheral markets. >> and it tends to shift people out of the bond market and push pric...
Source: news source