BoE warns of 'slow' economic recovery

In its latest inflation report, the BoE also warned there were significant risks to the inflation outlook in both directions, though it is expected to remain below target in the medium-term. Though there have been recent signs of recovery in industrial output and equity markets, the Bank says the financial crisis will continue to take its toll on economic recovery. Credit is likely to remain restrictive as banks repair their balance sheets, while high levels of public and private debt will curtail spending. However, the BoE is uncertain of the strength and timing of these factors, ...