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Added on the 20/05/2016 17:12:02 - Copyright : Reuters EN
Britain's economy would suffer "very large costs" if it leaves the European Union next March with no divorce agreement in place, the International Monetary Fund's Christine Lagarde warned in a speech at the UK Treasury on Monday. SOUNDBITE
The Bank of England scraps plan to cut interest rates as the slide in sterling prompts it to ramp up its forecasts for growth and inflation in 2017. Julian Satterthwaite reports.
The Bank of England says it will still probably cut interest rates to a fraction above zero later this year, despite signs it overestimated the initial shock to Britain's economy from June's Brexit vote. David Pollard reports.
Mark Carney says he's "absolutely serene" about the way the Bank of England warned of a possible Brexit hit to Britain's economy, as he responds to tough questions from UK lawmakers over the central bank's aggressive policy easing in August. David Pollard reports.
British manufacturers slammed on the brakes last month following the country's June vote to leave the European Union and growth eased in the euro zone, surveys showed, likely adding to calls for more policy easing. Hayley Platt reports.
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