How BOE Went From Warning About 5% Rates to Closing In on Them

(Bloomberg) — The Bank of England has changed its outlook dramatically since inflation first breached the 2% target in May 2021, including huge forecast adjustments in the past few months alone.Most Read from BloombergThis New Airline Is Raising the Bar, From First Class to EconomyStock Traders Stay Calm About US Being on Cusp of DefaultRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoTesla Recalls Virtually Every
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