UK growth hits five-year low of 0.1% as business investment falls
If Bank of England Governor Mark Carney was hoping for a surprise uplift in the latest GDP estimate this morning, he was dealt yet another blow. The latest reading, which came in line with market expectations (0.1%) reaffirms the UK Central Bank’s views that a combination of stagnated growth and ‘softer’ data will only keep the likelihood of UK interest rate hikes on hold.
With the ‘unreliable boyfriend’ at the helm, there’s an argument to say that one interest rate rise in 2018 isn’t exactly a forgone conclusion.
Anthony Kurukgy quoted in the Guardian