forecast

The Bank of England has recently decided to maintain the interest rates at their present level.

Following this, the head of Central London commercial research, James Roberts, said that he would have preferred to see the Bank take a more cautious, wait-and-see approach in order to further advance the Quantitative Easing, as the actual condition of the UK economy still seems uncertain.

Last month, the first estimate of Q3 GDP was released which was based on 44% hard data and 56% computer forecasts.

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Tagged as: bank, Bank of England, computer, data, economy, forecast, GDP, interest rate, Quantitative Easing, research, trading, UK

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