Bank of England leaves rates on hold amid Brexit uncertainty
The Bank of England has left interest rates on hold at 0.75% as expected but flagged “greater uncertainty” around the Brexit negotiations.
The Bank last month raised the base rate for only the second time in a decade Analysts say it is unlikely to repeat the move at Thursday’s meeting
Data is expected to show the economy grew 0.4% in the three months to July. Rates are expected to be held this week
With the Brexit deadline fast approaching, there has been a great deal of speculation as to what the UK’s withdrawal from the European Union will mean for the UK’s property and alternative finance markets.
The Bank of England has raised interest rates from 0.5% to 0.75% after much speculation.
Expectations of a strengthening economy, solid employment levels, more consumer spending and the potential for wages to rise have all played a part in the decision.
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