REUTERS: U.S. consumers' inflation expectations rose slightly in November, bringing the outlook for near and medium-term inflation up from a five-year low in a New York Federal Reserve survey, potentially offering relief to policymakers worried about sagging inflation.
Policymakers have repeatedly suggested that rates, which are now at a target range of 1.5per cent to 1.75per cent, are likely to remain on hold for the time being, unless there is a strong deterioration in the economic outlook.
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