Monetary Policy
MPC Press Release - November 2012
Wednesday, 14 November 2012 13:52

Growth in the global economy remained constrained by persisting uncertainties in the euro area, fragile financial markets, and the looming US ‘fiscal cliff’ which involves automatic spending cuts and tax hikes early next year. The combined effect of these threats to the global economic outlook led to further downward revisions of growth forecasts.

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