Bank of England gauges impact of lower oil prices

Bank of England gauges impact of lower oil prices
London (UPI) Nov 10, 2015 - With about 60 percent of the drop in crude oil prices linked to demand issues, the Bank of England suggested pressure may be negative for the British economy. Lower crude oil prices have translated to a de facto form of stimulus to consumers and consuming nations, but left exporters struggling to cope with weakened economies. The Canadian economy most recently said it was flirtin ... more

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