BoE under pressure with July inflation release
Bank of England must deal with recent fall in GDP and Brexit uncertainty
The Bank of England is under pressure as UK inflation figures released today (August 14) unexpectedly came in just over its 2% target, at 2.1%.
In the BoE’s inflation report released earlier this month, however, it projected inflation to temporarily fall below the target in the second half of the year as energy prices decline.
The BoE left its policy rate unchanged at 0.75% on the same day as the report, as governor Mark Carney warned that uncertainty over Brexit was harming the economy.
The
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