EFTA Document EFTA01459724

5 February 2016 Focus Europe: Dark clouds, no storm yet United Kingdom Economics UK: Markets still see rate-cut risk • The BoE revised down its forecasts for near-term inflation, though they remain slightly above 2% at the end of the forecast horizon. Despite this, and generally positive comments on the real economy from Governor Carney, markets continue to see the risk of a rate cut later this year. Near-term revisions, similar end-horizon forecasts The Bank of England this week publ