Weak growth should rule out further interest rate hikes
Reem Ibrahim quoted in City AM
Tom Clougherty's appointment featured in The Times
Julian Jessop quoted in The Guardian
“The economy will now probably have to grow by 0.2 per cent or more in September to avoid the first of two successive quarters of falling output that would mark a technical ‘recession’.
“At the very least, growth is currently weaker than the Bank of England had been expecting, making another interest rate hike even less likely.”
Read Julian’s full comment here (12:13pm).
Julian’s comment was also quoted in Business Leader.