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.%
1.1337
0.0038
0.3345%
1.3031
0.0124
0.9642%
15.996
0.217
1.375%
57.100
1.327
2.378%
67.08
0.63
0.95%
1338.365
17.030
1.289%
 
 
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