BoE cuts growth forecast on global and no-deal Brexit tension
The Bank of England will hold interest rates at 0.75% as Britain’s economy is likely to stagnate in the second quarter, rather than grow 0.2%
20 June 2019 - 16:11
London — The Bank of England (BoE) cut its growth forecast for Britain’s economy to zero in the second quarter of 2019 on Thursday and highlighted risks from global trade tensions and growing fears of a no-deal Brexit.
BoE officials voted unanimously to hold interest rates at 0.75%, despite some recent suggestions from a couple of policy makers that borrowing costs should go up sooner rather than later...
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