Mark Carney says no change in rates coming soon

2019-02-07 17:14:17 GMT (Economies.com)
Mark Carney says no change in rates coming soon

Bank of England Governor Mark Carney said in a press conference the BoE doesn't plan to change policy rates soon beyond 0.75%. 

 

Carney warned that a no-deal Brexit would raise economic recession risks, adding that resulting uncertainty would harm trade and finances considerably. 

 

The BoE cut growth estimates for the UK to 1.2% from 1.7% previously. 

 

Carney also warned from signs of economic slowdown in the global economy and amid the ongoing US-China trade dispute that's weighing on the British economy. 

 
 
 
  Symbol Last Change Chg.%
1.1199
-0.0045
0.4033%
1.2957
-0.0045
0.3449%
14.928
-0.076
0.510%
65.999
1.990
3.108%
74.44
-0.06
0.08%
1274.070
-1.630
0.128%
 
 
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