Economics
Carney Sees Unforgiving World as Inflation Outlook Cut Again
- Officials see inflation below 1% until the end of the year
- McCafferty unexpectedly drops call for higher borrowing costs
Are Inflation Pressures Fading For Carney?
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Mark Carney cited a turbulent global economy as the Bank of England cut its inflation forecast once again and the sole policy maker who had been calling for higher interest rates changed his mind.