The Bank of England ( BoE ) has said it is " still likely " it will go ahead with an interest rate cut later this year , despite the impact from Brexit being " less severe " than anticipated . As well as unanimously voting for the 0.25 % rate , British policymakers also agreed to maintain their government bond - buying target at the higher level of £ 435bn ( $ 574bn ) as well as purchase £ billion of corporate debt . Retailer John Lewis said the EU vote had had little impact but the full effect was not yet clear. BoE governor Mark Carney was criticised for his approach to the referendum vote , but the Bank said it would he hard to predict the long - term effects of the referendum result .
The Bank of England ( BoE ) has said it is " still likely " it will go ahead with an interest rate cut later this year , despite the impact from Brexit being " less severe " than anticipated . As well as unanimously voting for the 0.25 % rate , British policymakers also agreed to maintain their government bond - buying target at the higher level of £ 435bn ( $ 574bn ) as well as purchase £ billion of corporate debt . BoE governor Mark Carney was criticised for his approach to the referendum vote , but the Bank said it would he hard to predict the long - term effects of the referendum result .