{"id":129990,"date":"2020-01-30T14:57:12","date_gmt":"2020-01-30T13:57:12","guid":{"rendered":"https:\/\/theworldwidejournal.com\/2020\/01\/30\/bank-of-england-holds-uk-interest-rates-us-misses-trumps-growth-target-business-live\/"},"modified":"2020-01-30T14:57:12","modified_gmt":"2020-01-30T13:57:12","slug":"bank-of-england-holds-uk-interest-rates-us-misses-trumps-growth-target-business-live","status":"publish","type":"post","link":"https:\/\/theworldwidejournal.com\/?p=129990","title":{"rendered":"Bank of England holds UK interest rates; US misses Trump&#039;s growth target &#8212; business live"},"content":{"rendered":"<p>Mark Carney holds press conference after setting UK interest rates for the last time before he leaves in MarchUS GDP: Weaker than Trump promisedHighlights: Mark Carney gives final BoE press conferenceBreaking: No Change at Bank of EnglandBank cuts growth forecasts..says Brexit hurt economyMPC split 7-2 on interest rates 1.57pm GMT Newsflash: America\u2019s economy has posted its weakest growth since Donald Trump became president.US GDP only grew by 2.3% during 2019, the Commerce Department says, shy of the 3% growth which Trump targeted. That\u2019s down from 2.9% in 2018.US economy grew 2.3% in 2019, the slowest of Trump\u2019s presidency. 2.3% fell short of President Trump\u2019s promise to deliver at least 3% growth. https:\/\/t.co\/0MV7Vujo8p pic.twitter.com\/7GTc51MUuP 1.55pm GMT Mark Carney\u2019s final press conference didn\u2019t contain many fireworks. Instead, today will be remembered for the uncertainty and trepidation in the City about whether the Bank would cut rates or not.That\u2019s not the sign of a smooth-running central bank &#8212; policymakers shouldn\u2019t create such confusion ahead of a monetary policy meeting, especially one the day before Brexit.Bank of England Governor Mark Carney brought an end to his reign by holding interest rates at 0.75% after business surveys picked up post-election. To his critics, he proved unreliable to the end, but in our view this seems like the correct decision, particularly with the upcoming spending review.\u201cHistorians perusing the Bank of England\u2019s (BoE\u2019s) base rate during Carney\u2019s tenure as governor may conclude it was a dull affair. His Monetary Policy Committee tweaked interest rates three times over the course of 69 meetings. Traditional measures of central bank activity, however, as Carney acknowledged in his final speech this month, have fallen by the wayside as conventional policy tools find it harder to boost inflation than to contain it. Continue reading&#8230;<br \/>\nVia: <a href=\"https:\/\/www.theguardian.com\/business\/live\/2020\/jan\/30\/bank-of-england-interest-rates-mark-carney-coronavirus-markets-us-gdp-growth-business-live\" target=\"_blank\">Bank of England holds UK interest rates; US misses Trump&#039;s growth target &#8212; business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mark Carney holds press conference after setting UK interest rates for the last time before he leaves in MarchUS GDP: Weaker than Trump promisedHighlights: Mark Carney gives final BoE press conferenceBreaking: No Change at Bank of EnglandBank cuts growth forecasts..says Brexit hurt economyMPC split 7-2 on interest rates 1.57pm GMT [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-129990","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/129990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129990"}],"version-history":[{"count":0,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/129990\/revisions"}],"wp:attachment":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}