11
November
Bank of England Lifts Forecasts for Inflation, Growth
11 November 2009 Bloomberg.com
The Bank of England raised its forecast for economic growth and said inflation may exceed the 2 percent target in 2012 even if policy makers start increasing interest rates from a record low.
The central bank signaled that the U.K. economy has starting expanding again and won’t slip back into a recession, according to quarterly predictions published in London today.
The Bank of England last week expanded the bond-purchase plan to reach 200 billion pounds ($335 billion), saying that the economy will endure a “slow recovery.” The bank said today that third-quarter gross domestic product data showing the economy stayed mired in its longest recession on record will probably be revised up.
http://www.bloomberg.com/apps/news?pid=20601087&sid=afUXytQPiJZE&pos=1
