Trade fragmentation could depress growth – BoE

Volatility has increased “significantly” though market functioning remains “orderly”, FPC says

Bank of England
The Bank of England

Bank of England officials have flagged the risks to growth and financial stability from a global trade war and warned that the prices of risky assets could fall further.

In its latest meeting record, published today (April 9), the BoE’s financial policy committee (FPC) said the risks associated with “the fragmentation of global trade in goods” had “intensified”. It added that financial markets had seen greater volatility as a result.

“A major shift in the nature and predictability of global

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