DislikedFXstreet.com (Barcelona) - The Bank of England stated that inflation remains low in UK and gave signs that no measures to tighten fiscal policy would be taken during this year in its quarterly inflation report released today.
The BoE said that inflation would remain below target if interest rates were raised.
The report also indicated that the fourth quarter gross domestic product figures would likely be revised upwards but that the strength of the recovery of the British economy is "highly uncertain" describing its pace as "slow".
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