Inflation to dip below 2% target as BoE warns of prolonged recession
In its quarterly inflation report, the Bank of England warned that the UK is heading for a prolonged recession. According to the Bank’s Governor, Mervyn King, it is very likely that the UK economy entered a recession in the second half of this year, and added that it is difficult to know precisely how long it [...]
Inflation to dip below 2% target as BoE warns of prolonged recession
