Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Bank of England's Carney rules out more QE: BBC

[January 13, 2015]  LONDON (Reuters) - Bank of England Governor Mark Carney said on Tuesday that the central bank was not considering more stimulus, despite inflation falling well below the BoE's target, the BBC reported.

British inflation fell to a 14-year low of 0.5 percent in December, far below the BoE's 2 percent target, official data published earlier on Tuesday showed.

Carney "says although inflation lower than Bank expected ... no need for more monetary stimulus", a BBC reporter said in a posting on Twitter after interviewing Carney.

(Reporting by Andy Bruce and David Milliken)

[© 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.