{"id":10557,"date":"2018-12-20T12:51:07","date_gmt":"2018-12-20T12:51:07","guid":{"rendered":"http:\/\/www.fiveminutesspare.com\/news\/bank-cuts-growth-forecast-amid-brexit-worries\/"},"modified":"2018-12-20T13:10:31","modified_gmt":"2018-12-20T13:10:31","slug":"bank-cuts-growth-forecast-amid-brexit-worries","status":"publish","type":"post","link":"https:\/\/www.fiveminutesspare.com\/news\/bank-cuts-growth-forecast-amid-brexit-worries\/","title":{"rendered":"Bank of England Holds Interest Rates &#8211; Cuts Growth Forecast"},"content":{"rendered":"<p class=\"story-body__introduction\">The Bank of Englands Monetary Policy Committee has voted unanimously to keep interest rates at 0.75%. This comes against a backdrop of uncertainty\u00a0regarding Brexit and a marked consumer spending slowdown. Given this, they have cut their\u00a0Economic Growth forecast for the next quarter by 0.1%. A sliver of good news was that\u00a0Lower oil prices were likely to push inflation below the Bank&#8217;s 2% target by the end of the year meaning there\u00a0is likely to be little pressure on interest rates going forward.<\/p>\n<p>More <a href=\"https:\/\/www.theguardian.com\/business\/2018\/dec\/20\/bank-of-england-keeps-interest-rates-on-hold\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Englands Monetary Policy Committee has voted unanimously to keep interest rates at 0.75%. This comes against a backdrop of uncertainty\u00a0regarding Brexit and a marked consumer spending slowdown. Given this, they have cut their\u00a0Economic Growth forecast for the next quarter by 0.1%. A sliver of good news was that\u00a0Lower oil prices were likely&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"footnotes":""},"categories":[34],"tags":[469],"class_list":["post-10557","post","type-post","status-publish","format-standard","hentry","category-business","tag-interest-rates"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/10557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/comments?post=10557"}],"version-history":[{"count":2,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/10557\/revisions"}],"predecessor-version":[{"id":10565,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/10557\/revisions\/10565"}],"wp:attachment":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media?parent=10557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/categories?post=10557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/tags?post=10557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}