Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Economy

Bank of England to keep rates steady, despite Brexit delay

Updated : May 02, 2019 06:28 AM IST

Last month, Prime Minister Theresa May secured a new Brexit deadline of October 31 after she failed to get parliament to back her deal in time for the original March 29 departure date.
Unlike the European Central Bank and the US Federal Reserve, the BoE sees a case for ongoing policy tightening and a limited and gradual rate rises. But financial markets only price in a 35 percent chance of a move this year, largely due to the Brexit uncertainty.
Britain, the world's fifth-largest economy, has seen growth stumble since the referendum decision in June 2016 to leave the EU, well before a global slowdown began last year.
Bank of England to keep rates steady, despite Brexit delay
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV