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BOE Sees Rising No-Deal Brexit Worry in Tension With Markets

  • U.K. central bank cuts 2Q growth forecast, sees downside risks
  • Reiterates that rate hikes will be needed if forecasts hold
Bloomberg business news
BOE Needs Scope to Cut If Brexit Leads to Recession, JOHCM Says
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The Bank of England acknowledged rising concerns over a no deal Brexit as it kept interest rates on hold and cut its near-term economic growth forecast to zero.