NewsBot
04-Feb-23, 19:50
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Bank Upgrades Britain's Short-term Economic Outlook, But Places Country In Deepest Long-term Stagnation Since The Interwar Years
The Bank of England upgraded its economic outlook for the UK in 2023 as it increased interest rates for the tenth successive time to 4 per cent, but also showed that the UK is in the midst of the weakest 20-year period of growth since 1938, the Resolution Foundation said on Thursday 2 February 2023. The Bank of England raised interest rates to 4 per cent - their highest level in 14 years – but said this may be as high as interest rates go, hinting that market expectations of a rise to 4.5 per cent by the middle of next year are overdone. [Read Full Article (https://caithness-business.co.uk/article/19173)]
Bank Upgrades Britain's Short-term Economic Outlook, But Places Country In Deepest Long-term Stagnation Since The Interwar Years
The Bank of England upgraded its economic outlook for the UK in 2023 as it increased interest rates for the tenth successive time to 4 per cent, but also showed that the UK is in the midst of the weakest 20-year period of growth since 1938, the Resolution Foundation said on Thursday 2 February 2023. The Bank of England raised interest rates to 4 per cent - their highest level in 14 years – but said this may be as high as interest rates go, hinting that market expectations of a rise to 4.5 per cent by the middle of next year are overdone. [Read Full Article (https://caithness-business.co.uk/article/19173)]