On the other hand, if a central bank responds by cutting official interest rates too drastically, it may push up inflation, or cause expectations of future inflation to rise.
His fellow MPC member, the Bank's chief economist, Andy Haldane, also raised the prospect of cutting official borrowing costs to zero or perhaps even lower in a speech last September.
Cutting official interest rates to a record low of 0.25% and expanding the Bank's electronic money-printing programme to shore up the post-referendum economy, Carney said it was time for action.
North Korea has viciously attacked Mr. Lee, calling him a "national traitor," cutting off official dialogue and reducing traffic across the countries' heavily armed border.
The drop in oil prices has been exacerbated by the world's top exporter, Saudi Arabia, cutting its official selling price to Europe as well as new signs of economic slowdown in the eurozone and UK.
SPORTS An article on Tuesday about the cyclist Lance Armstrong's cutting all official ties with Livestrong, the charity he founded, paraphrased incorrectly from a comment by Jeff Garvey, Livestrong's new chairman, about the amount of money Armstrong raised for the foundation.
And, after 14 years in office -- 14 years of ribbon-cuttings, official proclamations, Eagle Scout inductions -- Mr. Gulotta still has some loyalists.
He objected to the use of eminent domain to seize the private land for the development, and to the way the approval process was routed through the state, cutting local officials out of the picture, among many other things.
At a recent campaign rally in a rundown city park, Alfaro promised he would save the city 600 million pesos (more than $39 million) in his first year by cutting local officials' salaries and benefits.
What passed for coverage of news and current affairs was solemn footage of presidents and emirs receiving visitors and cutting ribbons at official events.All this changed utterly after 1996 when the emir of Qatar, Sheikh Hamad bin Khalifa, established the al-Jazeera television station in his capital, Doha.
For those two logging units, we estimated carbon fluxes (MgC·ha(^{-1})·year(^{-1})) during an 65-year period, which corresponds to the official cutting cycle in French Guiana (Fig. 6).
