Signs of a global economic slowdown prompt analysts to attach back predicted dateThe Bank of England is likely to support interest rates on hold until the middle of next year rather than raising them sooner,following a gloomier outlook for the global economy, according to the economic forecaster CEBR.
The Centre for Economics and trade Research now believes a rise in May or August 2016 is more likely than one in February, and its preceding prediction. Signs of a global economic slowdown gain been growing in recent weeks,particularly in the world’s second-largest economy China and emerging markets. This is likely to stay the Bank’s hand despite reasonable growth rates in the UK, with the CEBR warning that the UK’s performance may not be sustainable if economies elsewhere continue to struggle. Related: UK interest rates may gain to be cut, or warns Bank of England chief economist Continue reading...
Source: theguardian.com