Slow recovery for UK is expected
Updated on 11 November 2009
Bank of England Governor Mervyn King is likely to signal a slow and lingering recovery for the UK when the Bank publishes its latest economic forecasts.
The Bank's quarterly inflation report comes less than a week after rate-setters voted to bump up efforts to boost the money supply with a £25 billion expansion of quantitative easing to £200 billion.
Although the Bank is easing back the pace of QE, policymakers decided a bigger spur to the economy was needed to help hit the 2% inflation target amid prospects of a "slow recovery".
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