BoE cuts U.K's growth forecast to minimum

Note: This section contains information in English only.
Source: BBC
The Bank of England cut the U.K's growth forecast to zero on Wednesday, from the previous estimate of 0.8 per cent. The double-dip recession intensified in the second quarter, leaving more space for possible interest rate cut.  At the same time, the report showed no sign of the inflation growth for 2012, from the previous forecast of 2%. Currently, interest rates are at the record low of 0.5 per cent.
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