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Carney Steals Show as BOE Seen Refraining From Further Stimulus
Bank of England officials will likely refrain from adding stimulus to aid the economy today in a decision that will be overshadowed by the bank’s next governor. Mark Carney faces a grilling from lawmakers starting at 9:45 a.m. in London, in a session that may last beyond the Monetary Policy Committee’s decision at noon. The BOE panel led by the current governor, Mervyn King, will maintain its target for bond purchases at 375 billion pounds ($587 billion), according to all 43 economists in a Bloomberg News survey. While the MPC might announce what it plans to do with proceeds of 6.1 billion pounds of gilts ... (full story)