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Bank of England's McCafferty talks of slowing economy: attendees of business conference
Bank of England policymaker Ian McCafferty talked on Wednesday about a slowing British economy, according to two people who attended a private business conference where he spoke. McCafferty addressed a private event hosted by the Builders Merchants Federation in Hinckley, a town in central England. “Ian McCafferty (BoE) predicts ‘slow-motion economic slowdown’ over next 3yrs, nothing spectacular. Probs about 1.5% growth PA,” attendee, Mark Mallinder, marketing director at EH Smith Builders Merchants, said on Twitter. The BoE last month forecast economic growth of 1.7 percent for 2017 and 1.6 percent in 2018. ... (full story)