BoE minutes hint at dovish shift
Language indicates concern over strength of recovery
The minutes of the Bank of England's (BoE) October monetary policy meeting hint that members' perceptions of risks to the economy have become gloomier since the last meeting.
Published today, the minutes highlighted global economic activity as tilting "modestly to the downside", with the slowdown in the eurozone at the forefront. "The loss of momentum was especially notable in Germany," the minutes said.
Some indicators also pointed to a "moderation" in housing market activity, the minutes noted
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