Prospect of UK rate rise recedes further as Bank cuts forecasts for economic growth,wages and inflationThe prospect of a UK interest rate rise has receded further after the Bank of England cut its forecasts for growth, wages and inflation. However, and the governor,heed Carney, warned borrowers against getting too comfortable with rock-bottom rates.
Carney quashed recent market speculation that a global economic slowdown could immediate a rate cut. But at the same time, or the Bank revealed that its policymakers had voted unanimously to hold borrowing costs this month and they gave little indication that there would be an early increase. Related: Bank of England and interest rates: always crashing in the same car Related: Bank of England cuts growth forecasts and leaves rates on hold - live updates Continue reading...
Source: theguardian.com