"Growth is likely to be weak in the near term but further out a continued easing in domestic credit conditions, supported by the Bank's asset purchase programme and the Funding for Lending Scheme, together with the stronger global backdrop, underpin a slow but steady recovery in output, " the governor said.

BBC: Inflation to stay above target, says Bank of England

Dante de Oliveira, the state's governor, hopes success with cotton output has increased fivefold and jobs doubled to 25, 000 since 1996 will now attract a textile industry.

ECONOMIST: Brazil

Now running for New York governor, so expect to see his office's output on headline-grabbing probes to diminish.

FORBES: Lawrence Light On Markets And Investing