As we have conveyed on several platforms, we believe that we have taken the right decisions over the past few MPC cycles to ensure that we get inflation back to the midpoint of the target range, but this cannot preclude further steps if inflation and inflation expectations continue to surprise higher.
Developments in the world economy and financial markets The Ministers of Finance and central bank governors of the Group of Seven industrialised countries issued a statement, after their most recent meeting on 21 April 2006, in which they confirmed that the strong global economic expansion continues into its fourth year and that the outlook remains favourable.