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BOE Stays Cautious on Rate-Hike Timing as Inflation Outlook Cut
The Bank of England trimmed its growth and inflation forecasts for this year and next and indicated it remains on a cautious footing on the timing of the first interest-rate increase. U.K. consumer-price growth will remain below 1 percent -- less than half the central bank’s target -- until the second half of 2016 and there are downside risks to this outlook, it said in London on Thursday. The BOE also said the strong pound will continue to push down on inflation and this effect will only slowly diminish. On inflation, it cut its outlook out to the third quarter of 2017. It sees price growth at 2.1 percent in the ... (full story)
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Carbon-Dioxide: the gas of life!
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Carbon-Dioxide: the gas of life!
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