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IMF gives UK government green light to ease austerity

IMF gives UK government green light to ease austerity

London: The IMF has also urged the Bank of England to be cautious about raising interest rates.

With Brexit uncertainty hanging over the economy like a fog, the BoE should show flexibility, it argues:

In the United Kingdom, where the output gap is closed and unemployment is low, a modest tightening of monetary policy may be warranted, although at a time of heightened uncertainty, monetary policy should remain flexible in response to changing conditions associated with the Brexit negotiations.