BANK OF ENGLAND EXPECTS INFLATION TO KEEP FALLING

LONDON (AP) – Bank of England Governor Mark Carney says inflation is “more likely than not” to continue to fall below one percent in the next six months and that growth will be slightly weaker due to a global slowdown.

As he released a quarterly report on the country’s economy, Carney said Wednesday that growth expectations for next year have been trimmed from 3 percent to 2.9 percent due to weaker activity in Europe and China.

But demand in Britain remains robust, supported by easier credit conditions and stronger confidence. Another plus is that unemployment is down, reaching 6 percent in the three months to August.

The bank maintained its guidance that future interest rate increases will depend on economic growth, and that when the bank raises rates, it will do so gradually.

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 
Close
Stay Updated To Save Money & Time. Join Our Free Newsletter. 
. Indepth Analysis & Opinion       Interviews          . Exclusive Reports 
. Free Digital Magazines        . News & updates        . Event Invitations
& Much More Delivered To Your Inbox For Free. 
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
 
Close