BoE forecasts 7.25% UK growth in 2021
The Bank of England’s revised forecasts predict the UK economy will grow 7.25% this year, its strongest GDP growth in 80 years.
Governor Andrew Bailey warned that downside risks remained, especially from more virulent strains of Covid-19, and said the UK had lost two years of growth.
The BoE’s monetary policy committee voted unanimously to leave UK interest rates unchanged at 0.1% today (May 6). The MPC also voted 8–1 to keep its asset purchase programme at £895 billion ($1.2 billion)
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com