FXStreet (Mumbai) – The Bank of England deputy governor Broadbent was on the BBC radio on Friday stating that inflation will remain low in next 6 months.
Broadbent’s comments come a day after the Bank of England slashed its 2015 forecast from 0.6% to 0.3%. He further added that the rise in bank rate will be lower than previous historic average. The recovery in the private sector demand looks more sustainable, Broadbent said. Similar comments came through BOE events on Super Thursday.
(Market News Provided by FXstreet)