In its inflation report, the Bank of England looks ahead two years and sees inflation slowing...

|By:, SA News Editor

In its inflation report, the Bank of England looks ahead two years and sees inflation slowing below its 2% target and GDP at 2.6%. U.K. growth prospects are "unusually uncertain," with the eurozone debt crisis posing the biggest risk. 2012 growth forecast lowered to 0.8% from 1.2%. Pound -0.54% vs. USD.