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World

Has the Bank of England given up on its duty on inflation?

24 September 2021

4:47 AM

24 September 2021

4:47 AM

Has the Bank of England’s Monetary Policy Committee quietly excused itself from its duty of keeping inflation down: namely, keeping the Consumer Prices Index (CPI) close to a 2 per cent target? I ask because the minutes of its September meeting, released today, show little inclination to raise rates from their historic low of 0.1

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