Brexit Means BOE May Cut Its Growth Forecasts Yet Again: Chart

The Bank of England will probably lower its growth outlook on Thursday, as it publishes its first full assessment of Britain’s decision to leave the European Union and outlines a plan for tackling the downturn. With initial reports highlighting the risk of a recession, 50 of 52 economists in a Bloomberg survey predict the central bank will lower its key rate, with the majority seeing a reduction to 0.25 percent. The decision will be announced at noon in London and Governor Mark Carney is set to hold a press conference 30 minutes later.