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Archive Home > 2010 > August > 12 > Bank of England cuts economic forecast

Bank of England cuts economic forecast


August 12, 2010

The Bank of England cut its economic growth forecast Wednesday, in part blaming the uncertain pace of the recovery in the United States and the rest of Europe.

Meanwhile, the dollar fell to a 15-year low against the yen, contributing to a sharp sell-off of stocks in Tokyo.

The central bank in....

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