The Bank of England said inflation would surpass 3% as Britain’s locked-down economy reopens, but the climb further above its 2% target would only be “temporary” and most policymakers favoured keeping stimulus at full throttle. Sterling fell as the BoE’s nine monetary policymakers voted 8-1 again to keep their government bond-buying programme at £875bn ($1.22tn). Some investors had bet there would be greater dissent. That would have been a signal that the BoE was speeding up its thinking about unwinding the huge stimulus that has helped steer the world’s fifth-biggest economy through the Covid-19 crisis. But even as the BoE raised its short-term growth forecasts, only chief economist Andy H
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