UK inflation could stay near 2% target for three years, says BoE rate-setter

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UK inflation could hold around the Bank of England’s 2 per cent target for the next three years, according to an interest rate-setter, making the country “less of an outlier and more of a laggard” in terms of price growth.

Dave Ramsden, BoE deputy governor, said on Friday that “the balance of domestic risks to the outlook…