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Mark Carney speaks during the bank’s quarterly inflation report news conference in London on Aug. 13, 2014. Investors had expected the bank of England Governor to announce a further reduction in the 1- to 1.5-per-cent level of slack in the economy, prior to a rate hike later this year. Instead, everything is now up in the air.
Mark Carney speaks during the bank’s quarterly inflation report news conference in London on Aug. 13, 2014. Investors had expected the bank of England Governor to announce a further reduction in the 1- to 1.5-per-cent level of slack in the economy, prior to a rate hike later this year. Instead, everything is now up in the air.
(Suzanne Plunkett/PA)

Slack-jawed: BoE watchers more confused than ever

Mark Carney is even more confused than he was before. That’s the disturbing takeaway from the Bank of England’s latest quarterly Inflation Report, published on Aug. 13. Investors had expected the BoE Governor to announce a further reduction in the 1- to 1.5-per-cent level of slack in the economy, prior to a rate hike later this year. Instead, everything is now up in the air.