The President of the Bank of England focused on the “shock of growth” identification

Central Bank, Andrew Billy, said on Thursday that the Bank of England is focusing on the potential growth in the United Kingdom from the American definitions if there is a slowdown in global trade.

“We are certainly focusing completely on the shock of growth,” said Billy Lesena Sarah Eisen from CNBC in an interview at the International Monetary Bank Spring meetings.

Billy added that he had not seen the United Kingdom close to the recession at the present time.

International Monetary Fund Earlier this week reduction reduction Its growth expectations for the year 2025 for the United Kingdom to 1.1 % from 1.6 %, noting the impact of the commercial tariffs of US President Donald Trump, high borrowing costs and increased energy prices.

However, the economic prediction is still immersed in uncertainty as countries participate in negotiations with US officials on Trump The policy of swinging global tariffsCurrently on a temporary stop. The United States imposed 25 % definitions on steel, aluminum, cars and 1 % tax on other British exports.

UK policy makers expressed their hope to reach a commercial deal with the White House, with US Vice President JD Vance saying There is a “good opportunity” From an agreement.

England Bank 4.5 % interest rates At his meeting in March, before Trump shocked the world the size of his introductory declaration.

The markets now see that the rates of reducing the Bank of England reaches 4 % by their meeting in August, where they wrestle with the expectations of weaker growth, along with a Slowness in inflation.

This is an urgent news story and will be updated soon.