Interest rates: welcome to UK plc, an economy in limbo | Larry Elliott

With Brexit making the economy 'unusually volatile' the Bank of England thinks it best to leave rates well alone

Welcome to limbo land. That was the message from the Bank of England as it once again decided that Britain's delay at the EU departure gate meant the wisest course of action was to leave interest rates well alone.

But only for now, because it was also clear from Threadneedle Street's quarterly update on the economy that the wait-and-see approach will only last for as long as Brexit uncertainty persists.

Related: Bank of England holds interest rates and vows to restrict pace of rises