Bank of England May Forecast Slower Growth, Inflation Jump, Times Reports

The Bank of England is likely to predict slower economic growth and an acceleration in inflation over the next 18 months in its quarterly inflation report this week, the Sunday Times reported, without citing anyone.

The bank is likely to cut by about 1 percentage point each its growth forecasts for 2011 and 2012, the Times said. Those projections now stand at 3.4 percent and 3.6 percent respectively, it said.

Inflation will continue above the bank’s target of 2 percent for most of next year, after remaining above that goal in most months since 2006, the newspaper said.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

• Facebook Share
• LinkedIn
• Google +1
• COMMENTS
• Print
• QUEUE