22.12.2014 - The Bank of England lowered its growth forecast
Today was published minutes of the meeting of the Bank of England on financial policy. Thus, the document notes that stress tests of banks were satisfactory, but is necessary the increase the capital of banks. Current account deficit is 5.2% of GDP. The housing market in the country has stabilized and low mortgage rates support the activity in the market. Forecasts for economic growth of the country reduced due to the slowdown in the global economy and the weak performance of the euro area. Despite this, the UK economy shows strong growth rates, which gives reason to expect a tightening of monetary policy next year and the strengthening of the British pound in the long term.