Photographer: Simon Dawson/Bloomberg

U.K. Slowdown Will See BOE Cut Rate to Near Zero, Niesr Says

  • Forecasts 25-basis-point rate cut, QE expansion on Thursday
  • Institute sees U.K. economic growth slowing to 1% in 2017

The Bank of England will probably cut interest rates close to zero to ward off a recession triggered by the country’s decision to quit the European Union, according to the National Institute for Economic and Social Research.

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