You are here

BOE keeps rates at record low, cuts wage and growth forecasts

Friday, August 4, 2017 - 05:50

BT_20170804_KYENGLAND4_3018957.jpg
Uncertainty around Brexit would weigh on Britain's economic growth potential, says Mr Carney.

London

THE Bank of England (BOE) kept interest rates at a record low again on Thursday and cut its forecasts for growth and wages as Brexit weighs on the economy.

Governor Mark Carney said, however, it would not take much of a pick-up to justify a rate hike. The central bank also

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom