Higher inflation is now policy at the BoE, and they WILL print more money

David Miles, the new ‘ginger-in-chief’ (GIC) at the Bank of England is the chap who for the last two meetings has voted for an increase in money printing (interestingly whilst the outgoing GIC Posen, has not), gave a talk this week and it’s quite illuminating in understanding the current thinking at the BoE – and more importantly confirming what we’ve been saying for over a year. Namely that the BoE is actively trying to keep CPI inflation above their government mandated target of 2% “at all times”.Gold Made Simple