BOE’s Carney notifies subtle but notable in inflation trajectory

FXStreet (Mumbai) - The Bank of England governor Mark Carney, while addressing a question at the QIR press conference, acknowledged the possibility of a further delay in reaching inflation target.

Carney said the return to 2% inflation may happen around 2 years time instead of within 2 years as previously expected. Carney termed this shift in outlook as “subtle, but notable”.

He further added that MPC does not have a preference for inflation overshoot.