1.   However, West Germany was reluctant to spend heavily on the foreign exchanges to support the yen, because of its likely inflationary impact.

2.   And some analysts had even expected the central bank to raise rates this year to offset the inflationary impact of the latest pay round.

3.   Brash said rapid appreciation in the New Zealand dollar offset any inflationary impact from lower rates.

4.   But scandal has an inflationary impact on fact.

5.   But their inflationary impact on the American economy is likely to be relatively small.

6.   Canadian government bonds fell as traders pondered the inflationary impact of higher-than-expected U.S. retail sales for June.

7.   Central banks are likely to have to raise interest rates in coming years to offset the inflationary impact of higher government spending, analysts said.

8.   He also thinks high oil prices are going to have enough of an inflationary impact to push interest rates higher, another negative for stocks.

9.   Problems, the study concluded, would be a potential inflationary impact and possible difficulties collecting sales taxes.

10.   The U.K. Treasury played down the inflationary impact of the latest figures.