First Bank of England hike still seen in first quarter but economists less sure: Reuters poll
By Jonathan Cable LONDON (Reuters) - A rise in British interest rates in the first quarter of 2015 is now much less certain, according to a Reuters poll in which almost half the economists questioned thought the hike would come later in the year. A wafer-thin majority, 28 of 54 economists, stuck to their calls for the initial hike to come in the first quarter. In an Oct. 1 poll 54 of 60 economists had expected the Bank of England to act before April. British rates have been at an all-time low of 0.5 percent since the depths of the financial crisis in early 2009, but with the economy exhibiting some of the healthiest growth rates among developed nations, economists in Reuters polls since June have been targeting the first three months of 2015 for the first rise in Bank Rate.
World Bank: China needs reform, not growth targets
BEIJING (AP) — China's growth could decline to close to 7 percent next year but Beijing should focus on overhauling its economy instead of trying to stick to official growth targets, the World Bank said Wednesday.