UK inflation rate expected to reach target at the end of 2012

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
According to data released, UK inflation in October eased more than expected reaching 5% or 0.1% percentage point below forecast. Mervyn King, Governor of Bank of England said that inflation is likely to keep slowing down in upcoming months, however, its pace and extent is hard to predict. King pointed out that Bank of England purchases bonds for a second month in a row to stimulate recovery and is ready to respond to any changes in economy associated with inflation.

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