King may write inflation letter soon, says New Star

  • Story by: Catherine Neilan
  • Magazine: InvestmentAdviser
  • Published Monday , June 16, 2008

Mervyn King may be writing a letter to the chancellor this week, New Star Asset Management's Simon Ward has predicted.

Advertising

Mr Ward, chief economist at the firm, said recent news, particularly from food and energy providers, suggested inflation had passed the 3 per cent limit that the Bank of England must keep CPI under.

"Recent sterling weakness is another possible source of upward pressure," said Mr Ward.

SIGN UP TO NEWS ALERTS



Is the time right for equity release?

Norwich Union is celebrating 10 years of offering equity release (Find out more).

Meanwhile, with house prices plummeting, should clients be signing up to equity release quickly to make the most of the equity in their home?

Click here to read our feature article

FTAdviser  Jobs  RSS

More positions