BoE's George says may have to pen inflation letter
Central Banking staff
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Bank of England Governor Sir Edward George said on Feb 17, 2001 it was possible inflation in Britain would stray a full point away from its target, meaning he would have to write to the government explaining why. UK inflation currently stands at its lowest level since records began in 1976."If you look at the forecast of inflation in the inflation report, there is a chance that we will have to write a letter," George told reporters, echoing similar comments by his deputy, Mervyn King, last we
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