UK growth forecast revised sharply upwards

The Bank of England has raised its 2014 growth forecast for the UK economy from 2.8% to 3.4%. Mark Carney said there was still "scope" in the economy to keep interest rates 0.5%.

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Bank of England: Still 'scope' to keep interest rates at record low

The Bank of England today said there was still "scope" in the economy to keep interest rates at record lows under new guidance on the cost of borrowing.

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