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Economy

Bank of England to keep rates steady after August rise

Updated : September 13, 2018 09:41 AM IST

Economists polled by Reuters unanimously expect the BoE's Monetary Policy Committee (MPC) to vote 9-0 to leave interest rates at 0.75 percent. Most do not predict a further rate rise until after Britain leaves the European Union in March 2019.
Britain's economy has slowed since June 2016's Brexit vote, with consumers under pressure from a jump in inflation driven by the weaker pound and some businesses' reluctance to invest while the terms of a future EU trading relationship remain unclear.
BoE Governor Mark Carney warned last week that if Britain left the EU without a trade deal, economic difficulties could squeeze British households' incomes for years more.
Bank of England to keep rates steady after August rise
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