they will have to do it eventually, as the current situation can not be maintained in the long run. Approx 50% of imports come from the Euro zone so this peg is a big contributor to inflation.

the government will keep denying that they will unpeg soon and set dates far in the future to keep speculators at bay. i wouldn't expect it in the near future, but if the government says 2010 then i would say it will be before that.

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"Even a stopped clock gives the right time twice a day." Withnail & I