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United Kingdom: Inflation will fall below 1%
BoE's governor Mark Carney today announced inflation will probably fall below 1% in the next 6 months and is likely to stay under 2% in the next two years. Amid a weaker global outlook the BoE expects economic growth at a 3.5% rate this year followed by 2.9% in 2016.
The U.K. unemployment rate was unchanged at 6.0% in the 3rd quarter. Average weekly earnings rose by 1.3%.
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