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struggle4progress

(118,196 posts) Fri Jun 24, 2016, 02:08 PM Jun 2016

UK interest rate 'likely to hit zero'

By Dominic O'Connell
6 hours ago

David Tinsley, UK economist at UBS, said Brexit meant "sharply lower growth, a large drop in the pound, and further easing from the Bank of England".

He expects two rate cuts from the central bank over the next six months.

It would take rates from a current record low of 0.5% to zero ...

http://www.bbc.com/news/business-36621554

1 replies

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Highlight:

UK interest rate 'likely to hit zero' (Original Post) struggle4progress Jun 2016 OP

Free money for the rich edhopper Jun 2016 #1

edhopper

(33,435 posts)

1. Free money for the rich

Reply to struggle4progress (Original post)

Fri Jun 24, 2016, 02:27 PM

Jun 2016

to make up to the loss of the EU cash.

And maybe another round of austerity to hit the people who voted to leave.

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