Lloyds Banking Group plc CEO Charlie Nunn (pictured) told CNBC on Tuesday at the sidelines of the World Economic Forum in Davos that he expects the Bank of England to lower its interest rates three times this year.
"The UK remains a really attractive destination, and I think we can get the turnaround in the growth that the government is looking for, and more importantly, our customers need," he commented.
He mentioned that while there has been some volatility in the UK economy in the last couple of months, "what we see is a resilient but relatively slow growth." Nunn remarked that while the country's government has a "clear" plan, that plan now needs to be accelerated.
