BoE uncertainty on inflation – Business Middle East
Reading between the lines of the latest “British inflation report” from the Bank of England there seems to be some muddled thinking in the UK central bank’s latest policy statement.
Governor Mark Carney’s inflation report contains apparent contradictions.
He spoke of the possibility of raising interest rates at the end of the year, but at the same time confirmed that the bank stands ready to cut interest rates if necessary.
That has investors around Europe and in the Middle East asking questions. So, what trends can we expect, taking into account low inflation?
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