Bank of England governor Mark Carney has said it would not be "appropriate" to build a "war chest in interest rate terms" to use in case of future shocks, even as he predicted inflation would rise above 3% in the short term.
The UK rate of inflation rose to a five-year high of 3% in September, up from 2.9% the previous month, according to the Office for National Statistics (ONS). The ONS reported this morning the annual...
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