Bank of England Inflation Report, November 2005

The Bank of England published its November 2005 Inflation Report on 16 November. In the report the Bank said inflation is set to meet the 2.0 percent target in two years.

Governor Mervyn King, speaking at a news conference after the report was published, said the Monetary Policy Committee was keeping an open mind on interest rates.

Economic growth, the BoE said, was set to remain subdued in the near-term but then regain momentum, to a rate above 3 percent in two years' time.

While the Bank's

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