The latest Bank of England inflation report published last week revealed that the central bank expects the UK economy to grow by 2.2% this year, lower than its previous estimate of 2.5%.
The Bank of England’s Monetary Policy Committee (MPC) left its QE programme unchanged at £375 billion and kept interest rates on hold at 0.5%. The MPC voted unanimously to keep rates on hold.
Eurozone unemployment dropped to 10.4% in December from 10.5% in November, its lowest rate since September 2011.
