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Euro area slump prompts BOE to cut growth forecasts

UK inflation rate falls below BOE target; policymakers now see it continuing to decline in the short term

Published Wed, Nov 12, 2014 · 09:50 PM
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London

THE Bank of England (BOE) has cut its forecasts for growth and said inflation could fall below one per cent in months as a renewed slump in the euro area weighs on the UK economy.

In its Inflation Report published on Wednesday, policymakers led by BOE governor M…

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