Bank of England chops second quarter growth view as global and Brexit risks intensify
Share:
LONDON (Reuters) - The Bank of England cut its growth forecast for Britain's economy to zero in the second quarter of 2019 on Thursday and highlighted risks from global trade tensions and growing fears of a no-deal Brexit.BoE officials voted unanimously to hold interest rates at 0.75%, despite some recent suggestions from a couple of policymakers that borrowing costs should go up sooner rather than later.The central bank stuck to its message that rates would need to rise in a limited and gradual..