But when inflation falls, it will fall rapidlyUK inflation is well above target in the near-term, but will subsequently fall below targetNo decision made on whether to have active sales of government bonds held by the BOEBOE forecasts do not meet technical definition of a recession but it is a very sharp slowdownOn the dire outlook to the economy, he is mainly playing with semantics. You don’t forecast zero growth without warning of recession risks that may befall the economy, not least in this environment. The pound is continuing to fail to find much comfort as the technical break in cable now starts to threaten the 1.2400 level.