International Monetary Fund slashes UK growth forecast In its World Economic Outlook update, released on July 23, the International Monetary Fund (or IMF) downgraded its growth outlook for the United Kingdom. The IMF said that it expects the UK economy (EWU) to grow at a rate of 1.7% this year, compared with its previous forecast […]
In the first week of August 2016, the BOE (Bank of England) cut its key interest rate to a record low of 0.25% from 0.5%, the first cut in seven years.