Bank of England holds interest rates at 0.75% and warns of uncertainty ahead

clock • 3 min read

The Bank of England's Monetary Policy Committee (MPC) voted unanimously on Thursday to keep interest rates at 0.75% as it warned of an uncertain path ahead for UK rates. All nine policymakers voted to maintain rates at current levels, noting "the MPC judges at this meeting that the existing stance of monetary policy is appropriate" to achieve its 2% inflation target. The MPC will not meet until 7 November - after the UK is currently slated to leave the European Union on 31 October.  It said that in the event of a no-deal Brexit, the odds of which have increased since Boris Johnso...

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