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BOE Pushes Rate Rise View

Bank of England policy makers Ben Broadbent and Martin Weale said weak U.K. inflation will be temporary and indicated that the chance of more stimulus remains low.

While the bank said last week it could respond to weak price pressures with an interest-rate reduction or more bond purchases, policy makers are pushing the message that such an outcome isn’t the most likely scenario.

Negative interest rates are possible “but we don’t think they are likely at the moment,” Broadbent, deputy governor for monetary policy at the bank, said in a Sky News interview broadcast Sunday.

Bloomberg [1]

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