The UK economy is losing its liveliness, and it may happen before it will be dispersed enough to stoke inflation.
Chairman of the Bank of England Governor Mark Carney and his colleagues on the establishment of monetary policy to publish their assessment of cooling conditions on Thursday, along with their latest policy decision. A report this week showed that the service sector has grown the weakest pace in more than two years, suggesting a slowdown of the economy, underscoring the occasion to hold the key rate at a record low.
Since the meeting of the Monetary Policy in September, signs of shaken economic growth and the solution Federal Reserve to delay raising rates, given the basis for Bank Of America Merrill Lynch, JPMorgan Chase and Royal Bank of Scotland to push back their forecasts for a rate hike BOE. The weakening outlook also raises the question of when inflation strengthened enough to warrant a rate hike. While Carney insisted that the decision to raise would be taken at the end of the year, consumer price inflation lagged by 2% from the target of the central bank for 20 months, and the latest data showed zero growth. "The flow of data in the past month was to make the Bank of England more cautious about the prospects, as Britain passed through this storm, "- said Rob Wood, economist at Bank of America in London and a former Bank of England official. - "This is a strong statement review. US data weak, there was no real change in the Chinese data, and worldwide there are signs of stress in emerging markets. "Looking,
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According to the materials WELTRADE