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Carney Dances Around Brexit Elephant as BOE Mulls New Forecasts
Mark Carney’s press conference next week might matter as much for what he doesn’t say as for what he does. With Britain’s European Union referendum looming, the Bank of England governor will present economic projections to guide investors on an outlook that has rarely been more clouded in doubt. He also has to balance how far to stray into the fraught political battle against the prospect of criticism for saying too little. “I can’t imagine the BOE would want to give the markets any kind of hostage to fortune,” said Peter Dixon, an economist at Commerzbank AG in London. “This will be a bit of an interim ... (full story)