Osborne 'don't fear low inflation' - but 0.5% could weaken economy says Warwick University expert

World Finance speaks to Dr Dennis Novy, Associate Professor of Economics at the University of Warwick, about what the UK's interest rate drop could signal for its economy. Inflation in the UK is on a downward trend, and figures just released show rates fell to 0.5 percent in December - the lowest on record. Is this good news for the economy? World Finance speaks to Dr Dennis Novy, Associate Professor of Economics at the University of Warwick, to discuss what this could mean for consumers and the Bank of England. For a full transcript visit: http://www.worldfinance.com/videos/osborne-dont-fear-low-inflation--but-05-could-weaken-economy-says-warwick-university-expert-video For more World Finance videos go to http://www.worldfinance.com/videos