[LONDON] Bank of England (BOE) officials will probably keep policy on hold next week as they acknowledge that the economic outlook has worsened materially since May. Read more at The Business Times.
Bank of England officials will probably keep policy on hold next week as they acknowledge that the economic outlook has worsened materially since May.[LONDON] Bank of England officials will probably keep policy on hold next week as they acknowledge that the economic outlook has worsened materially since May.
Officials have scaled back their rate-hike rhetoric and investors are increasingly pricing in rate cuts as the risk of a disorderly Brexit grows. Chief economist Andy Haldane, also considered among the more hawkish members of the Monetary Policy Committee, said in a speech this week that the case for keeping policy unchanged is strong and the group should proceed with caution on any loosening.
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