Saturday, November 1, 2014   

UK inflation drops below Bank of England target rate
(02-18 18:22)

Britain's 12-month inflation slowed to 1.9 percent in January, the lowest level for more than four years, official data show.
In December, it had stood at 2 percent, the Bank of England's target rate.
With inflation low and British unemployment not yet below 7 percent, the Bank of England is likely to keep its main interest rate at a record-low level of 0.50 percent this year, according to economists.
On a month-on-month basis, the Consumer Prices Index fell 0.6 percent in January, the Office for National Statistics added in a statement.—AFP

   
Other Business breaking news:
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IAG airlines group logs improving Q3 profits (10-31 17:21)
European stocks rally at open (10-31 16:47)
Panasonic says half-year profit dives (10-31 15:53)
Nikkei soars to seven-year high (10-31 15:44)
Japan Airlines H1 net profit slips (10-31 15:43)
Sony says half-year loss balloons six-fold (10-31 15:42)
RBS sets aside 400m pounds for forex probes (10-31 15:41)
BoJ chief says at 'critical moment' for exiting deflation (10-31 15:40)

More breaking news >>

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