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Economy

Brexit, global slowdown to weigh on Bank of England

Updated : February 07, 2019 06:43 AM IST

The BoE is likely to strike a contrasting note to the US Federal Reserve by reminding investors that it still intends to raise interest rates, if Britain can avoid the shock of an abrupt no-deal departure from the European Union.
With a transition deal still not in the bag, the BoE’s rate-setters are expected to vote unanimously to keep their benchmark borrowing rate at 0.75 percent, according to a Reuters poll of economists.
Investors are unconvinced that circumstances will allow the BoE to raise rates and are pricing in only a 50-50 chance of a rate hike this year.
Brexit, global slowdown to weigh on Bank of England
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