UK economy 'soft patch' keeps interest rates on hold
05-11-2018, 02:12 PM
Quote:The Bank of England said the UK economy has hit a "temporary soft patch" as it kept interest rates on hold at 0.5%.Source
The Bank cut its growth forecast for the year to 1.4%, down from the forecast of 1.8% made in February.
Not really surprising with all the uncertainty around currently. Doubt we will see much growth at all until Brexit is finalised and has had time to allow consumers and firms to adapt.
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