The Bank of England will cut interest rates to zero – TDS

Analysts TDS believe that after the results of the referendum in the UK the Bank of England will cut interest rates to zero: “We expect that the UK will enter a short and shallow recession like as increased uncertainty from the victory in the referendum on the exit from the EU will have an impact on the demand for both households and firms. While the exchange rate will help to neutralize part by weakening exports, this gain will be limited. Inflation will rise to above 3% y / y by…

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