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International Business Times
International Business Times
World
AFP News

IMF Cautions On Timing Of UK Rate Cut

The Bank of England has hinted that it could cut interest rates this summer (Credit: AFP)

The International Monetary Fund on Tuesday said the Bank of England should be mindful over when to start cutting interest rates or risk harming an economy recently out of recession.

The warning came as the IMF ramped up its UK economic growth forecast but warned over "difficult" fiscal choices to stabilise debt, as beleaguered Prime Minister Rishi Sunak's Conservatives trail the main opposition Labour party in opinion polls before a general election this year.

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