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BOE Pushes Rate-Increase View Even as Inflation Rate Drops

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Bank of England policy makers Ben Broadbent and Martin Weale said weak U.K. inflation will be temporary and indicated that the chance of more stimulus remains low.

While the bank said last week it could respond to weak price pressures with an interest-rate reduction or more bond purchases, policy makers are pushing the message that such an outcome isn’t the most likely scenario.