A day after the U.K.’s Office of National Statistics released data which showed that the economy was going nowhere fast, with retail sales flat and inflation now beginning to moderate slightly, many are expecting that that will pave the way for some additional easing. Indeed, earlier today the Bank of England released its quarterly inflation report, wherein they profess to expectations of a decline in inflation which would finally meet the Bank of England’s target 2% threshold, however, that won’t be for at least a full year. Through the end of 2013, BoE economists expect inflation could fall to about 1.3%. But, they ... (full story)