Forex News – BOE raises UK growth forecasts
Posted on November 13, 2013 at 2:41 pm GMTThe Bank of England published its latest quarterly inflation report today, giving a very hawkish view on the UK’s economic growth outlook this time compared to its previous inflation report in August. The BoE raised its growth forecasts, seeing gross domestic product (GDP) expanding in 2013 by 1.6%, which is higher than its previous forecast of 1.4% made in August. Additionally, it expects the economy to expand by 2.8% in 2014. The BoE was also very optimistic about the UK [..]