The British Central Bank Lowered Economic Growth Expectations
Bank of England England bank announced the 10 morning, will be 2011 Britain
Economics
Growth is expected to fall from 1.8% to 1.4%.
However, it did not disclose whether more stimulus measures would be implemented, suggesting that interest rates would remain at the lowest level of 0.5%.
England bank president Mervyn said the debt crisis in Europe and the United States had brought a shadow to the global economy, and the biggest threat to the British economy came from the euro area.
He said, "the economic headwinds are increasing day by day."
The central bank also said that as the global economy is trying to maintain stability, monetary policy will continue to be maintained this year and next year.
Mervin also said Britain's inflation will continue.
increase
But it is expected to come down next year.
Earlier, Chancellor of the exchequer George Osborn also ended his vacation ahead of schedule and returned to London to attend an emergency meeting on the morning of 10.
The Bank of England still maintains the historical position of benchmark interest rate at 0.5%, hoping to support domestic economic growth.
The Bank of England expects inflation to reach 5% in the short term this year, and is expected to be available in 2012 and 2013.
Fall back
And the UK inflation rate is expected to fall below 2% at the end of 2012.
- Related reading
Analysis On The Export Situation Of China'S Textile And Garment Enterprises In The First Half Of 2011
|Can The International Trade Platform Of Garment Industry Activate Industrial Potential?
|- City Express | Deep Foundation: Deputy Secretary Of The Municipal Party Committee And Mayor Chang Shuming In Samsung Clothing Research
- News Republic | Samsung Garment As A Practical Training Base For College Students, Does Not Forget To Take The Initiative To Provide Internship Opportunities For Graduates.
- brand building | Remember The Mission Of Jinzhong City People'S Congress To The Samsung Garment Expansion Project Base Research
- Dress culture | Non Heritage Culture: General Tiger Appeared In The 2019 "ABC Cup", The First Jinzhong City Vocational Skills Competition.
- Dress culture | The Inheritance And Development Of The Handicraft Skills Of The Heritage Culture "General Tiger" Won The Entrepreneurial Award.
- Company news | Devotees Of The Great Parade: Shanxi Bing Juan Garment Co., Ltd. Successfully Completed The National Day Military Parade Production Task.
- Fashion brand | G-SHOCK (CASIO) X CONVERSE TOKYO New Joint List Will Be Landed Next Month.
- Fashion brand | Chao Card 424 X Arsenal (A Senna) Joint Gentlemen Clothing Series Released
- Fabric accessories | Leading The New Trend Of Wool Industry, The Eighteenth "Weaving Trade Fair" Will Be Held In November.
- Fashion blog | The Main Trend Of Autumn And Winter Is Western-Style Clothes, Loose Trousers, Big Shoulder Suits And Retro Costumes.
- S & P Rejected SEC'S Proposal To Restore Its 3A Rating.
- Summary: Dow Tumbled 4.62%&Nbsp, NASDAQ Plunged 4.09%
- The Main Force To Do More &Nbsp; Stock Index Shocks Up Up 1.27% To Stabilize The 5 Day Line.
- China Garment Industry Second Quarter Prosperity Index Report
- How Many Changes Faced By Clothing Brand Listed Companies?
- China'S Clothing Industry First Affirms No Infringement Lawsuit
- Textile And Apparel: Brand Clothing Companies Have Higher Valuations Than Historical Values.
- Textile And Garment Exports Hit A New High In July
- Analysis On The Export Situation Of China'S Textile And Garment Enterprises In The First Half Of 2011
- China'S Garment Industry Will Be In Small Cities In The Next Ten Years.