Bank of England cuts UK growth forecasts, doubts Brexit shock
The BoE still foresees growth of 1.3% for 2019 and 2020, down from 1.5% and 1.6% respectively
01 August 2019 - 17:43
London — The Bank of England cut its growth forecast on Thursday in the face of increased Brexit worries and a slowing global economy, but gave no indication it was considering lowering interest rates like other central banks.
A day after the US Federal Reserve cut rates slightly for the first time since the global financial crisis, the BoE said it still expected to raise borrowing costs gradually — though this now hinged on a global improvement and “smooth” Brexit...
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