Britain’s central bank has left borrowing costs unchanged, and predicted that the slowdown in economic growth this year is temporaryLatest: Carney holds press conferenceGovernor blames Beast from the East for poor growthDoesn’t like being reminded of ‘unreliable boyfriend’ tagBREAKING: BoE leaves borrowing costs unchanged2018 growth slashed 2.51pm BST Professor Costas Milas of the University of Liverpool thinks that Brexit uncertainty is helping to push Britain’s next interest rate rise further and further into the future.He’s plotted the Bank of England’s GDP growth forecasts alongside economic policy uncertainty (based on the number of articles about economic worries in The Times and the FT). Notice, also, that – unfortunately – current uncertainty has started picking up again. If this persists, July’s Inflation Report will trim further the growth forecast which will of course delay even further a possible hike. 2.41pm BST Nice snap summary from Bloomberg’s Jill Ward:Mark Carney says the @bankofengland still intends to deliver “modest” tightening after an unexpected economic slowdown derailed an interest-rate hike that investors had anticipated as soon as this month https://t.co/YPXxLxmKGh via @economics Continue reading…
Via: Bank of England governor Mark Carney defends leaving interest rates on hold again – business live
Categories: English News