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Bank of England expected to cut growth forecasts

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Quarterly inflation report is likely to cement the view that interest rates will remain at 0.5% until after the general election in May

The Bank of England is expected to cut growth forecasts when it publishes its latest outlook for the UK economy on Wednesday.

Its quarterly inflation report is likely to cement the view that interest rates will remain at 0.5% until well into 2015, after the general election in May.

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