Carney confident of returning inflation to target in two years
BoE governor sees risk that global low inflation and strength of UK currency could weigh on prices
There is a risk that persistently low inflation across the globe and the strength of sterling could depress inflation in the UK for "some time," according to Mark Carney, the governor, who nonetheless believes the Bank of England (BoE) is "on track to return inflation to target within the next two years".
Carney told an audience at the University of Sheffield Advanced Manufacturing Research Centre on March 12 that the central bank expects to increase the bank rate gradually over the next three
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