U.K. Inflation May Have Slowed to 2.6% Last Month
U.K. inflation slowed to 2.6 percent in September from 2.7 percent the previous month, a Bloomberg survey shows. That would leave the rate above the 2 percent target for a 46th month. The Bank of England forecasts price growth will remain above target until 2015, slowing to 1.96 percent in two years. The BOE has failed to achieve the target 90 percent of the time over the last five years.
Click here to continue reading.