The BoE lowers its already weak expectations for the U.K. economy, now predicting 2012 GDP...

|By:, SA News Editor

The BoE lowers its already weak expectations for the U.K. economy, now predicting 2012 GDP growth of 1% vs. the 2% anticipated in August. As has been the case with the BoE for many moons, it is predicting inflation - currently at 5% - to fall back to its 2% target by 2013. "Particularly uncertain," says Gov. Mervyn King of the inflation forecast. You think?