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.%
1.1079
-0.0019
0.1717%
1.2128
-0.0026
0.2123%
16.869
-0.235
1.376%
56.135
1.335
2.436%
59.78
1.14
1.94%
1495.845
-16.420
1.086%
 
 
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