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Carney’s Low-Rate Case Aided by Euro-Region Economic Woes
Mark Carney’s case for keeping interest rates at a record low is getting stronger. A faltering euro-area economy and surveys pointing to slower domestic growth are lending weight to the Bank of England governor’s argument that more time is needed to shore up the recovery. While the nine-member Monetary Policy Committee has split on the need for an increase, the majority probably still voted to leave the key rate at 0.5 percent, economists said before the announcement today at noon in London. Divisions may have persisted after officials weighed weaker data against a report showing the economy regained its ... (full story)
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