Bank of England Chief Economist Andrew Haldane said the U.K. interest rates could remain lower at a record low for a longer period than he expected three months ago. If there is a genuine uncertainty about the path of the economy, the optimal policy response may be to avoid the worst outcomes, he told local business leaders in Kenilworth, central England, Friday.
Engine maker Rolls Royce Holdings Plc. (RYCEF.PK, RR.L, RYCEY.PK) Friday slashed its group underlying revenue forecast for the year, citing deterioration in economic conditions and the tightened Russian trade sanctions. The stock dropped more than 8 percent in early morning trade.