Bank to take market view

Hidden within the Bank of England's most recent inflation report is a significant tweaking of the Bank's inflation targeting stance. CentralBankNet reports on the Bank's adoption of market forecasts of interest rates for some of its projections.

The governor presented the July inflation report as a continuation of earlier trends, with no real surprises. The central message was that steady growth and low inflation would continue, but that there is considerable (although not increased) uncertainty

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