The Bank of England (BoE) left interest rates unchanged at 0.75% on 20 September amid the prospect of another Brexit delay. The UK's central bank warned that Brexit uncertainty was damaging business investment and the economy. In a speech in London last week, BoE governor Mark Carney said he expected inflation to rise from its current level over coming months.
The Bank of England (BoE) left interest rates unchanged at 0.75% on 20 September amid the prospect of another Brexit delay. The UK's central bank warned that Brexit uncertainty was damaging business investment and the economy. However, the BoE forecast the UK would avoid a recession, with gross domestic product expected to rise in the July to September period.