Bank of England's Dale warns about risks of loose policy

Britain's economy is slowly crawling out of its second recession since the onset of the financial crisis in 2008, but the central bank -- like most other economists -- does not expect a vigorous recovery anytime soon.

Inflation meanwhile has fallen from its peak of 5.2 percent in September to 2.6 percent in July. The central bank sees inflation falling further towards its 2 percent target later this year, although a recent rise in oil and commodity prices poses new risks.''