Market news
16.11.2011, 11:07

BOE inflation report:

The BOE November inflation report shows inflation at just 1.3% in 2 years' time based on the current asset purchase target of stg275bn
and market expectations for Bank Rate.
GDP is seen significantly weaker in the near term vis-a-vis the August forecast, but climbs steadily back to just a tad over 3% at the 2-year point.
BOE 3-Year CPI forecast shows inflation still only around 1.5%.
GDP forecast aroun 1% y/y by end 2011, climbing to 3.1% 2yrs ahead.

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