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Carney Wait Prompts BOE Inertia Danger in Slump Battle: Economy

Bank of England officials will probably discuss the threat of a triple-dip recession today and prepare to sit on their hands as a looming change of governor overshadows the remainder of Mervyn King’s term.

With five months before Mark Carney takes over, the Monetary Policy Committee is awaiting results of its credit-boosting program after halting bond purchases and signaling no further interest-rate cuts for now. That backdrop will color today’s “pre-MPC” briefings in London as policy makers discuss new forecasts before their Feb. 7 decision.