In its August inflation report, the Bank of England says the pace of growth has slowed and...

|By:, SA News Editor

In its August inflation report, the Bank of England says the pace of growth has slowed and "vulnerabilities, especially within the euro area" have increased. BoE now believes inflation could reach as high as 5% in the short-term before dipping below 2% in late 2012. Sterling -0.5% vs. the dollar.