Bank of England Quarterly Inflation Report: inflation expected to get back to target in 3 years

FXStreet (London) - Referring back to comments in his opening statement that declining inflation may warrant a letter to chancellor George Osborne, Mark Carney stated during the Q&A session that the central forecast for UK inflation is for it to dip to around 1 percent but not to decline below it. Expectations are for inflation to get back to target in 3 years.