Despite Inflation BOE Needs To Justify Rate Rise With GrowthRupert Hargreaves
Of all the challenges currently facing the Bank of England, the one target policymakers are having no problem meeting with rising inflation, which is likely the envy of Yellen, Kuroda and Draghi.
CPI inflation came in at 3.0% in September -- above the 2.8% year-on-year the Bank had penciled in back in August -- 100 basis points above the central bank's 2% target.
Rising Inflation has increased speculation . . .
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