Monthly Archives - May 2018

UK interest rate hikes on hold as growth grinds to a halt

The Bank of England, London Ben Stansall/AFP The British economy slowed sharply in the first quarter of the year, official figures showed Friday, reining in expectations that the Bank of England will hike interest rates again next month and renewing concerns about the health of the economy less than a year from Brexit. In its preliminary snapshot of the economy during the January to March period, the Office for National Statistics found that quarterly growth slowed to 0.1 percent, its weakest [...]