Photo: Stefan Wermuth / Reuters
United Kingdom, rebelled against Europe and preparing to withdraw from the European Union on 31 January, in the coming years will face economic problems. Such a future foretold of his country, the Bank of England. His message following the meeting of the monetary policy Committee published on the website of the regulator.
The report presents the forecast of UK GDP growth in the coming years. According to him, in 2020 the growth will be 0.8 percent (compared with 1.3 percent in 2019), 2021-m — 1.5 percent. All these figures are lower than expected.
At the same time, inflation in December fell to 1.3 percent in annual terms. This is below the target value of two percent, which tends to stick to the Bank of England to ensure the stable growth of the national economy. The report notes that the regulator may further cut its key interest rate, if need be.
At the meeting on 30 January, the rate was maintained at 0.75 percent and will remain unchanged until at least March 26, when the next meeting of the relevant Committee.
Interviewed by CNBC economists have linked lower expectations for economic growth in the UK with the forthcoming Brexit, which was finally confirmed only a few days ago. Our experts have admitted the possibility of preservation in the EU and in this case hoped for a more significant growth of GDP.
31 Jan will be the UK out of the EU. The relevant law in late January, endorsed the Parliament and signed by Queen Elizabeth II.
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