Bank of England slashes UK growth outlook on Brexit

Bank of England slashes UK growth outlook on Brexit

The Bank of England on Thursday slashed its forecast for UK growth this year to 1.2 per cent from 1.7 per cent. It keeping its main interest rate at 0.75 per cent. The BoE had in November forecast 2019 growth of 1.7 per cent. BoE blamed the downgrade on a global economic slowdown and Brexit.

Simone
Simone
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