/24-7PressRelease/ - LONDON, UK, February 23, 2006 - According to the Monetary policy member Kate Barker, the Bank of England expects the economic growth to pick up. This is due to the increased activity of the consumer sector in recent times.
A growth of about 3% is expected. As per records the economy had slowed down in the past, but the previous month's record shows that the economy is now moving out of recession.
According to Kate barker, the bank of England will have its inflation at a constant of around 2% in the first quarter of the year.
This growth in consumer sector could also lead up to an increase in loans being availed for the small businesses making quite an effect on the growth.
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