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Published on Nov 3, 2016
Britain's central bank has backed off its plans to further reduce interest rates.
Governor Mark Carney said the UK has a "dynamic, flexible economy" which is doing better than had been feared after the vote to leave the European Union, so there is no need for extra stimulus right now.
The Bank raised its forecasts for both growth and inflation next year and said the cost of borrowing could go up or down depending on what happens with those two key economic elements.
Carney told reporters at…
Governor Mark Carney said the UK has a "dynamic, flexible economy" which is doing better than had been feared after the vote to leave the European Union, so there is no need for extra stimulus right now.
The Bank raised its forecasts for both growth and inflation next year and said the cost of borrowing could go up or down depending on what happens with those two key economic elements.
Carney told reporters at…
READ MORE : http://www.euronews.com/2016/11/03/ba...
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