Accountability & Reflection As the Governor of the Bank of England Mark Carney said in 2015, the “crisis and its af

Settlements BLS: Bureau of Labor Statistics BOE: Bank of England BOJ: Bank of Japan CAGR: compound annual growth

ment in 2H 2012. Still, economic activity is likely to remain very sluggish despite support from lower oil prices and less rigorous fiscal austerity. The Bank of England may support the UK economy by increasing its amount of bond purchases soon. The probability that the ECB will take further action to support the econ

k of England supports equities. Key date: 8 Nov, Bank of England policy meeting 2 UBS Recommendations Tactical