Arab Today, arab today bleak years ahead for britain
Last Updated : GMT 04:36:12
Arab Today, arab today
Arab Today, arab today

Due to low economic growth

Bleak years ahead for Britain

Arab Today, arab today

Arab Today, arab today Bleak years ahead for Britain

Britain faces a "bleak time" over the next two years  
LONDON - AFP

Britain faces a \"bleak time\" over the next two years   Britain faces a \"bleak time\" over the next two years due to low economic growth, the Bank of England\'s chief economist said Saturday. Spencer Dale indicated that interest rates would rise this year. They were held at a record low of 0.50 percent this month, as anaemic British growth offset surging inflation. Britain\'s central bank has held the rate for more than two years.
\"I think the next year or two will be a relatively bleak time. I think we have relatively hard times ahead,\" Dale told the BBC.
\"I am not confident about the strength of the recovery, particularly in terms of the weakness we see in the household sector and the implications that may have for consumption.
\"I am even more worried about inflation and the risk that we may see price pressures from the rest of the world continue to push up and the high levels of inflation we have seen in the UK persist for longer than we otherwise expect.\"
Bank of England policymakers voted 6-3 this month to keep its key interest rate at 0.50 percent. Dale voted for a 0.25 percent rise.
Despite high inflation, the central bank has refrained from hiking its key lending rate due to Britain\'s weak recovery from recession.
Inflation over 12 months has meanwhile held above the Bank of England\'s official target rate of 2.0 percent since December 2009.
British annual inflation soared to 4.5 percent in April, hitting a two-and-a-half-year high and stoking the prospect of a rate hike.
\"The level of interest rates at the moment is at an extraordinary low level,\" Dale said.
\"At some point, I do expect interest rates to rise, but how quickly and how much, I really can\'t say.\"
He added: \"I am worried about growth remaining feeble and I am also worried about inflation remaining high -- and if you like, that\'s the dilemma facing the MPC (monetary policy committee) at the moment -- trying to balance these two very significant risks.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bleak years ahead for britain Arab Today, arab today bleak years ahead for britain

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people

GMT 06:33 2017 Friday ,24 March

MP reveals reasons behind approval of IMF loan

GMT 06:23 2017 Thursday ,23 March

Diplomat denies any formal decisions

GMT 12:21 2017 Wednesday ,22 March

Economic expert call Tunisian government

GMT 19:15 2017 Tuesday ,21 March

EFB ranks first in world food banks

GMT 14:47 2017 Tuesday ,21 March

Minister stresses his country's aspiration

GMT 20:24 2017 Monday ,20 March

MP reveals details of British delegation's visit

GMT 16:14 2017 Saturday ,18 March

Egyptian professor calls to get rid of corruption
View News in Arabic - Business: أخبار الاقتصاد
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday