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Inflation forecast still at target in both 2 and 3 years time

BOE

Looking through the forecasts in the MPR.

  • Inflation in two years revised to 2.0% from 2.1% (but that's still at target), inflation in 3 years remains at 2.0%.
  • Excess demand (i.e. Output gap) reduced to 0.25% from 0.75% in 2 years, remains at 0.25% in 3 years.
  • Growth obviously revised a lot lower.

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