Weakening global economy and sharper slowdown in UK growth will force Bank of England to put off any rise from 0.5% for at least four years, says EIUAnxiety in global markets and a weakening US economy will force the Bank of England to delay UK interest rate rises until at least 2020, according to a leading firm of analysts.The Economist Intelligence Unit (EIU) forecast, which will cheer mortgage borrowers and disappoint savers, extends by at least three years the timeline for the central bank’s first increase from the historically low 0.5%. Continue reading…
Source : theguardian.com
Read more…Global economic woes delay UK interest rate rise 2020 ieu
