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Stock impact report

FTSE 100 LIVE: BoE's rate decisions risk prolonging recession, says ex-chief economist [Yahoo! Finance]

RIGHTMOVE PLC UNSP/ADR (RTMVY) 
NASDAQ:AMEX Investor Relations: plc.rightmove.co.uk/investors
Company Research Source: Yahoo! Finance
The FTSE 100 ( ^FTSE ) was almost flat in early trade. Meanwhile the DAX ( ^GDAXI ) dropped 0.2% and the CAC ( ^FCHI ) was 0.3% lower. The pan-European Stoxx 600 ( ^STOXX ) was down 0.1%. The moves came following comments from the Bank of England's (BoE) former chief economist Andy Haldane on Bloomberg's podcast that holding interest rates at the current level could risk worsening the UK's recession. “For me the case for putting in place some upfront, early insurance on the monetary policy side is strong and strengthening, and I'm fearful we leave that insurance a little too late in the year," he said. Last week, it was revealed the UK had ended 2023 with two consecutive quarters of negative growth — a technical recession. Read more: What is a recession and why is Jeremy Hunt comfortable with one? Follow along for live updates: Live 4 updates Lucy Harley-McKeown US stock futures Here's a US pre-market chart: US indexes closed lower last week as the market digest Show less Read more
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