BOE to Cut Growth Forecasts as Rate-Increase Chances Diminish
- MPC expected to lower GDP projections for 2017, 2018 next week
- Policy makers may signal medium-term price pressure unchanged
BlackRock's Watson Doesn't See BOE Moving Anytime Soon
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Mark Carney signaled in June that a Bank of England rate increase may be approaching. Economists doubt it’s here just yet.
The governor, overseeing an economy that slowed sharply in the first half, will probably lower growth projections for the next two years when he presents the central bank’s latest forecasts next week, according to economists. The inflation outlook is expected to be unchanged.