UK inflation will probably tumble below 1% within the next six months after hitting a five-year low of 1.2% in September, the Bank of England (BoE) governor has said.
This means the BoE is unlikely to raise the base rate above 0.5% until late 2015, despite previously hinting at an interest rate hike before the end of this year (PP Online, 13 June). In the late...
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