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The Bank of England Had to Say Something
Everyone insisted that the Bank of England (BoE) needed to say something following the financial turmoil that began on Friday and continued over the weekend. The BoE has now spoken. Sounds pretty dovish to me.
The role of monetary policy is to ensure that demand does not get ahead of supply in a way that leads to more inflation over the medium term.
This statement is sure to surprise/confuse/outrage/reassure investors everywhere.
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