Tue, 15 Nov 2011 14:44:56 GMT
UK inflation rate expected to reach target at the end of 2012
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