BoE Sees UK Economy Growing 1.3% This Year, 1.7% In Years 2019 To 2021

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1 November 2018

BoE Sees UK Economy Growing 1.3% This Year, 1.7% In Years 2019 To 2021

Forecasts Little Changed From August Inflation Report
Forecasts Based On Market Expectation Of One Rate Rise A Year Through 2021
Sees Excess Demand Building Over Forecast Period, Boosting Domestic Costs
Sees Risk That Global Financial Conditions Could Tighten Faster Than Expected
Sees Risk Of "Further Escalation" Of Restrictions On Trade
10% Rise In US Tariffs On All Trade Partners Would Lower Global Output By 1%
Impact Of Higher Trade Barriers So Far Limited To China And US

BoE: A No-Deal Brexit Could Lead To Sharp Fall In Supply Capacity, Weaker GBP

Bank of England Nov Minutes: MPC Voted 9-0 to Maintain Bank Rate at 0.75%

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