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Bank Of England Faces Guidance Challenge As Recovery Picks Up

Bank of England Governor Mark Carney this week faces the growing challenge of explaining why the central bank is signaling it is in no rush to raise record low interest rates, even as Britain's recovery picks up speed.The BoE is due to give new inflation and growth forecasts and hold a news conference on Wednesday against a backdrop of soaring house prices in many parts of the country and a faster growth rate than any other big rich nation.

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