Bank of England holds interest rates at 0.75% amid Brexit chaos
by Richard Partington Economics correspondent from on (#4BH87)
Bank warns of increasing risks for economy because of impasse over UK's exit from EU
The Bank of England has warned that continuing Brexit uncertainty and the prospect of further delay until the summer is serving as a brake on the economy, as it left interest rates on hold.
Amid signs that the political turmoil is increasingly taking its toll on business investment decisions, paving the way for weaker economic growth in future, the Bank's nine-member monetary policy committee (MPC) voted unanimously to leave interest rates at 0.75%.
Related: Bank of England leaves interest rates on hold as UK braces for no-deal Brexit - business live
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