Bank of England Hits a ‘Temporary Soft Patch’
May 10, 2018 at 10:33 AM EDT
The Bank of England has said the UK economy has hit a “temporary soft patch” as it kept interest rates on hold at 0.5%. The Bank cut its growth forecast for the year to 1.4%, down from the forecast of 1.8% made in February. According to Reuters, “Britain’s economy grew more slowly...
