HSBC Economist Discusses Bank of England Policy After UK Growth
The UK economy grew 0.3% in June. Economists had expected no growth at all.
Hot weather and the men's football World Cup boosted spending. News reports called the growth a bounceback.
Earlier disruption had come from the Iran war. HSBC economist Liz Martins discussed Bank of England policy on Bloomberg Television.
She spoke about the outlook after June's growth report. Economists warned the Iran war could hurt future growth. They said prolonged disruption might leave the UK economy barely growing next year.
Klear Note — The Bank of England sets interest rates, influencing borrowing and household spending. June’s growth may shape future interest-rate decisions.