‘Skewed to the downside’

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Cracks are showing at the BOE. Concerns about Brexit and the global slowdown pushed two policymakers to break ranks and vote for a rate cut. While the majority, including Governor Mark Carney, backed keeping the rate at 0.75%, they signaled that a further deterioration could see more policymakers support easing. Risks to the BOE's forecasts are "skewed to the downside," Carney said.