Carney prepared to tolerate inflation overshoot as prices expected to rise
To boost growth and employment
Bank of England governor Mark Carney has said he is willing to allow inflation to overshoot its 2% target, in order to boost economic growth and reduce unemployment.
Speaking at public roundtable in Nottingham, Carney (pictured) said he could let inflation go above its 2% target, which could happen as early as 2017. UK CPI inflation currently stands at 0.6%, according...
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