BoE offers bleak forecasts as Brexit 'fog' deepens further
Rates stay on hold as central bank eyes growing damage from Brexit uncertainty
The Bank of England expects UK growth to slow much more in 2019 than was previously forecast, and sees a risk of recession even in the event of a relatively “soft” Brexit.
Today (February 7), the BoE released a central projection for 2019 GDP growth of 1.2%, a sharp downward revision relative to the 1.7% forecast it put out in November.
The forecast is based on what BoE economists judge to be the average of all possible Brexit scenarios. At the press conference today, governor Mark Carney
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