date:Jun 18, 2014
onths, the longest stretch since 2009.
The figures buy time for Governor Mark Carney as a strengthening economy adds pressure on the Monetary Policy Committee to end five years of emergency stimulus. Investors, who were pricing in a January rate increase after Carney said last week that officials might have to tighten policy earlier than anticipated, pared those bets after the inflation data.
There is considerable scope for productivity growth to pick up, keeping inflation low over the medium