Mark Carney Commits to the BOE and a Stagflation Outlook: Chart

Dewan: No BOE Rate Changes in the Near Term

Bank of England Governor Mark Carney says policy makers have to make a trade-off between growth and inflation when deciding how to steer the economy. With the pound having dropped and the outlook for prices changing rapidly, the balance of power in that relationship may be shifting. While the central bank could raise its forecasts for expansion on Thursday, it’s also likely to predict a sharper acceleration in inflation, leaving it with a delicate policy balancing act ahead.

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