BOE’s Shafik Says Weak U.K. Inflation Will Likely Be Temporary

Nemat "Minouche" Shafik, deputy governor for markets and banking at the Bank of England.

Photographer: Chris Ratcliffe/Bloomberg

Bank of England Deputy Governor Minouche Shafik said the factors pushing down U.K. inflation are temporary and the economic headwinds hampering demand will ease over the coming years.

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