Bank of England holds rates steady
The forecast for U.K. GDP growth in the fourth quarter of 2019 was cut to +0.1% from the November forecast of +0.2%, reflecting the weakening of economic conditions shown in recent data.
Mark Carney, governor of the Bank of England , gestures while speaking during the bank's quarterly inflation report news conference in the City of London, U.K., on Thursday, Aug. 2, 2018.The Bank of England has held its main interest rate steady at 0.75% with its rate-cutting committee voting 7-2 in favor of keeping the current level.
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