Bank of England Holds Key Interest Rate and Cuts Inflation Outlook
Doves Take the Day at the Bank of England
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Mark Carney predicted a bout of “muted” inflation in the U.K. after all but one of the Bank of England’s policy makers decided that price pressures are too weak to raise interest rates for now.
The BOE governor, presenting an inaugural press conference under a new regime for communicating policy, said that the outlook is “consistent” with the need for higher borrowing costs -- but only in due course.