Bank of England Governor Mervyn King may have to embark on a new round of bond purchases as Britain’s rebound from the worst recession since World War II fades.
Bank of England policy makers may this week signal how quickly the momentum toward higher interest rates is building as inflation accelerates to more than twice the central bank’s target.
Bank of England Governor Mark Carney will escape one of the more embarrassing chores of his job this month as inflation skirts the government’s limit by just enough to avoid him writing a public letter, economists said.
U.K. services grew at the slowest pace in seven months in January as new business cooled and wet weather soaked the country.
Bank of England Governor Mervyn King refrained from adding to emergency stimulus again today as policy makers await new forecasts and the economy showed some resilience heading into 2012.
Just as Britain’s economic recovery may have finally gained momentum, events at home and abroad risk slowing it in its tracks.
"For most of the committee, they do not see the point of rushing and choking off the recovery."
- Alan Clarke on Jan 07, 2015