Bank of England: Rising Trade Barriers Imperil Global Growth
Global trade barriers threaten global economic growth and unsettle the stability of the UK’s financial system.
Bank of England warns of risks from rise in global trade barriers
By William Schomberg, Lawrence White and Suban Abdulla LONDON (Reuters) -The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers.
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Bank of England flags global economic threats from rising trade barriers
The Bank of England (BoE) has warned that escalating trade barriers are a ticking time bomb for the global economy. The central bank’s latest financial stability report didn’t hold back, detailing how higher restrictions on international trade are shaking up economic growth and creating massive uncertainty around inflation.
Higher trade barriers pose risks to U.K. financial stability, BOE warns
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