Economics
Stagflation Risk May Mean Carney Has Little Love for Marmite
- Tesco battle over prices reflects impact of plunging pound
- Faster inflation may restrict BOE’s space to cut rate
Mark Carney, governor of the Bank of England.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
When it comes to Marmite, Mark Carney may now be in the camp that hates it.
While the Bank of England governor and some of his fellow policy makers have signaled a willingness to ease monetary policy again to insulate the economy against the fallout of Brexit, their ability to do so is being squeezed by the inflation risk posed by the slide in the pound to the lowest in three decades.