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The Bank of England on Thursday banks reduced the main interest rate on the threat of US tariffs to 4.25 percent.
The Central Bank contrasts the decision of the US federal reserves to freeze the borrowed expenses on Wednesday, on Wednesday.
The Bank of England, in the meantime, after the British Bank, announcing an agreement with Britain on trade on Donald Trump, because the US President began Global tariffs Blitz.
“This will be good news for the economy of the British economy, including the Boe Governor Andrew Bailey, informed at a press conference at a press conference after the decision of the exchange rate.
“This will help reduce uncertainty,” he said.
After regular meeting in London, Boe weakened as a result of “prospects of global growth … tariff ads.”
Nevertheless, Boe, this year increased its forecast for annual Britain’s gross domestic product growth from 0.75 percent to 0.75 percent.
This is estimated that the UK economic performance will reach 1.25 percent next year, the previous assessment of the Central Bank was estimated in February 1.5 percent, he said.
To lighten inflation
“Commercial developments in financial markets generally lowered the growth,” Boe added on Thursday.
After the EU, the United States faces 10 percent of the most of the second largest trading partner in the United States.
Bailey, reducing inflationary pressures that helped the inflationary pressure, which facilitates inflationary pressures, caused the reduction in inflation pressure, decided to cut the bank.
“The last few weeks showed how unexpected the global economy. Therefore, we need to gradually and carefully approach to reduce decrease,” he said.
In the markets, investors were looking for any turn by the Boe’s Monetary Policy Committee, which was cut in the final rate, and investors are further reduced this year.
Meeting minutes “Highlighting approach”, which continues to cut interest rates approved by MPC members, “KPMG British economist Yael Selfist.
Analysts, Boe, since August, has protected the current light pace that cuts a quarter of a quarter every three months, he said.
The most recent exchange rate of the UK is 11:02 GMT, two minutes and two minutes later, the Britain was silent to celebrate the 80th anniversary of the victory on Europe.
The central banks of Norway and Sweden in Thursday, Thursday, Norway and Sweden have not changed the main interest rates when signaling the future cuts between economic uncertainty.
The European Central Bank has reduced loan expenses to the eurozone last month.
This story was first displayed Fortune.com
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