bank of england cuts uk growth forecast holds rate
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Bank of England cuts UK growth forecast, holds rate

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Arab Today, arab today Bank of England cuts UK growth forecast, holds rate

The Bank of England
London - Arab Today

The Bank of England on Thursday cut its forecasts for British growth as it left its main interest rate at a record-low 0.25 percent following a regular monetary policy meeting.

The BoE cut its estimate for 2017 gross domestic product growth to 1.7 percent from a forecast of 1.9 percent given three months ago, it said in a report accompanying the latest monetary policy update.

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