U.K. Inflation Seen Above 2% for First Time Since 2013: Chart
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Mark Carney is set to see inflation above the Bank of England’s 2 percent target for the first time since the year he became governor, data to be published on Tuesday will show. Consumer prices rose 2.1 percent in February, according to a Bloomberg survey of 32 economists, fueled by the pound’s slump and higher energy prices. While the BOE has said it can, within limits, tolerate inflation above its goal, policy maker Kristin Forbes last week voted for an interest-rate increase and some others indicated they may not be far behind her.