U.K. Inflation Data May See Carney Reaching for His Pen: Chart
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U.K. inflation is poised to break through 3 percent, which will force Bank of England Governor Mark Carney to write a letter to the chancellor about how policy makers will respond. Economists expect a 3.1 percent rate for October on Tuesday, more than one percentage point above the central bank’s target. But the good news is this may be the peak, with the BOE -- which raised interest rates in November -- predicting a slowdown in coming months and through 2018.