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Who Sets the Inflation Target for the Bank of England

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Who sets the inflation target for the Bank of England?


Definitions:

Net Operating Income

The total profit of a company after all operating expenses, excluding interest and taxes, have been deducted from revenues.

Price Hike

A price hike refers to an increase in the price of goods or services, often due to factors such as increased production costs or higher demand.

Sales Forecast

An estimate of the sales volumes, and often revenues, that a company expects to achieve within a specific period.

Unit Sales

The total number of individual items sold in a given period.

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