Bank can 'let inflation go a bit' to boost real economy says Carney - but sterling level will be a factor for rates

The Bank of England is willing to give rein to inflation and let it go above the target 2 per cent rate in order to boost the real economy, Mark Carney said today.
Analysts have warned inflation could rise quickly in the coming months as the drastic weakening of sterling makes imported goods and raw materials more expensive.
The Governor added that while the Bank's job was to target inflation, not that the exchange rate, 'that doesn't mean we're indifferent to the level of sterling'. 
'It does matter, ultimately, (for) inflation and over the course of two to three years out, so it matters... read more

14 October 2016 in Business, Views: 36
Source: Daily Mail

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