And according to some market analysts, the corrections caused odds for a November BOE rate hike to rise, very likely because the reading for Q2 is substantially better than the BOE's forecast of +1.0 %, as laid out in
the August Inflation Report.
The news that 49,000 fewer people are out of work was overshadowed by a bleak forecast from the Bank of England, which predicted in
its August inflation report that the UK economy would only grow by around 2.5 % in 2011.
Here's the bank of England's latest forecast for inflation, taken from
the August Inflation Report:
Likewise, house - price inflation amplified more than estimated in
the August Inflation Report during the third quarter, while the RICS survey of real - estate agents pointed to a fall in prices over the next three months.
Not exact matches
A name card for Governor of the Bank of England Mark Carney is pictured before he hosts a quarterly
Inflation Report press conference at the Bank of England in central London, on
August 4, 2016.
«Admittedly, some members still think more stimulus is required and just wanted to wait for
August's
Inflation Report, when a range of policy options would be discussed,» Redwood said in a note.