In November, the BOE predicted the gross domestic product would grow 2.8 percent this year, the Wall Street Journal reported.
The BOE accelerated other projections, as well. The central bank forecast the unemployment to drop to 7 percent this year, more than two years ahead of a forecast made in August, the Journal said.
In August, the central bank said policymakers would use 7 percent unemployment as a guidance for raising interest rates, which have been set at historic lows to keep lending affordable during the economic recovery.
Notable deaths of 2014 [PHOTOS]