Will Rising Inflation Make Mark Carney Blink?
- Investors increasingly betting on an interest-rate hike
- Policy makers to publish latest decision at noon in London
BOE's Carney Says U.K. Growth Resilient Since Brexit
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Mark Carney is looking at above-target inflation this year. Will he blink?
It’s his first “Super Thursday” of 2017 -- a monetary policy decision accompanied by new forecasts and a press conference -- and economists expect officials to raise predictions while keeping the key interest rate at a record low and bond purchases unchanged. The Bank of England governor will probably argue that the risks from Brexit mean that faster growth and inflation shouldn’t warrant tighter policy any time soon.