Bank of England Cuts UK Growth Expectations On Brexit Fears

Credit: Wochit Business
Published on February 7, 2019 - Duration: 00:36s

Bank of England Cuts UK Growth Expectations On Brexit Fears

According to Business Insider, on Thursday The Bank of England on Thursday left interest rates unchanged, as had been widely expected, but cut its forecasts for economic growth in the UK, citing the continued uncertainty surrounding Brexit.

Bank of England Governor Mark Carney said at a press conference, saying "The fog of Brexit is causing short term volatility in economic data, and more fundamentally is creating a series of tensions in the economy.

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Bank of England Cuts UK Growth Expectations On Brexit Fears

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