Britain set for deflation in coming months: Bank of England

12th February 2015, Comments 0 comments

British inflation could turn negative in the next few months and interest rates cut further, Bank of England governor Mark Carney said Thursday, signalling fresh risks to the economy.

Inflation is "more likely than not to turn negative at some point in the spring", Carney said at the unveiling of the central bank's latest quarterly economic forecasts.

He added that the BoE could also expand its stimulus programme of pumping new money into the British economy.

© 2015 AFP

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