The Bank of England has cut its forecast for economic growth this year to almost zero and has predicted inflation will be below target in the medium term.
In its quarterly inflation report, released today, the Bank said it expects to see no growth in the economy for 2012, down from the 0.8% predicted in the May report. Giving a press conference to...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date