Tuesday, July 12, 2016

BOE to act – Västerbotten Courier

The British Bank of England may be forced into more monetary measures to boost the economy after brexit-vote. It said the central bank governor Mark Carney at a hearing in Parliament.

On Thursday the Bank of England to leave with new information on the interest rate and other possible incentives.

The pound, which dropped sharply since the result of the vote was known, has strengthened slightly after the news that the UK will have a new prime minister earlier than expected.

asset manager BlackRock estimates that the UK will go into recession in the coming year. The next five years will then economic growth will be 0.5 percentage points lower than would have been the case without brexit, according to a new forecast from the Black Rock.

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