Britain may not be getting more interest-rate cuts after all, not after the Bank of England forecast that inflation would creep above its target of 2.5 percent next year. The quarterly inflation report released Wednesday said Britain would avoid a full-blown recession, but that the growth would slow to around 1 percent next year. Some analysts called that forecast optimistic, and said it would only be achieved with sharp rate cuts.
Steady in London
Britain may not be getting more interest-rate cuts after all, not after the Bank of England forecast that inflation would creep above its target of 2.5 percent next year. The quarterly inflation report released Wednesday said Britain would avoid a full-blown recession, but that the growth would slow to around 1 percent next year. Some analysts called that forecast optimistic, and said it would only be achieved with sharp rate cuts.
