BoE kept the monetary policy unchanged.
BoE, at the same time, decided to downgrade this year growth’s forecast from 1.7% to 1.2%, as a result of mounting Brexit uncertainty. Bank of England Governor Carney later offered a speech, warning that the UK faces the weakest growth since the financial crisis, adding that a no-deal Brexit implies negative growth quarterly basis.
BoE, at the same time, decided to downgrade this year growth’s forecast from 1.7% to 1.2%, as a result of mounting Brexit uncertainty. Bank of England Governor Carney later offered a speech, warning that the UK faces the weakest growth since the financial crisis, adding that a no-deal Brexit implies negative growth quarterly basis.
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