- BoE quarterly inflation report
Market news
14 May 2014
BoE quarterly inflation report
- The Bank of
England left forecasts for economic growth and inflation almost unchanged;
- The Bank of
England expects continued growth in house prices in the coming months;
- Acceleration
of productivity growth should neutralize some of the inflationary pressure;
- The
interest rate hike will be gradual to a level below its pre-crisis average;
- The recent
strengthening of the pound limits inflation;
- Unemployment
rate will decline faster than expected in February;
- Inflation
will be closer to the target level of 2% over the next two to three years;
- The U.K. GDP
should grow by 2.9% in 2015 and by 2.8% in 2016;
- The Bank of
England still expects the GDP growth by 3.4 % in 2014;
- The Bank of
England signalled that it could raise the interest rate at the end of the 1st
quarter or in the 2nd quarter 2015.
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