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Rising Covid-19 cases threaten economic recovery says BOE

Rising Covid-19 cases threaten economic recovery says BOE

The BOE has warned rise in Covid-19 cases could pressurize UK’s economic recovery. Also the uncertainty of UK’s future trading relationship with EU also posed a risk, as it held interest rates at 0.1%. It said that the economy had recovered much of the lost output of the lockdown but outlook remained ’unusually uncertain’. And hence it indicated no plan of raising rates till year end.

Milan
Milan
Top in Business