Wednesday, February 20, 2008

Just keep on printing the money

...and you will have inflation.

LONDON (Thomson Financial) - Money supply growth in the UK unexpectedly accelerated in January, keeping alive rate-setters' concerns about medium-term inflation pressures, provisional figures from the Bank of England showed. In its first release of the money supply data for January, the central bank said M4, a broad measure of money supply, rose 1.3 pct from December for a 12.9 pct yearly rise.