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BOE Cuts 2019 Outlook | May Set to Delay Brexit
Published February 7, 2019
England keeps main interest rate unchanged at 0.75 percent as it awaits clarity
on Brexit. Economic forecasts for UK growth are also downgraded to 1.2 percent
in 2019, the weakest level in a decade over Brexit uncertainty.
Minister Theresa May is preparing to delay the second parliament vote on her
Brexit deal until the end of February. The vote on a new deal is now being
planned for the week beginning Feb. 25, just over a month before Britain is due
to leave the EU on March 29.
for US unemployment benefits tumbled 19,000 to a seasonally adjusted 234,000
for the week ended February 2, above economist forecasts for 221,000 after the
highest reading in more than a year the Labor Department said on Thursday.
Jerome Powell said his goal is for the central bank to earn the public’s trust.
Powell acknowledged that the US economy is in a good shape as unemployment is
still low and inflation close to Fed target zone.