Bank of England keeps rates unchanged as it cuts growth forecast to zero
by Richard Partington Economics correspondent from Economics | The Guardian on (#4HJGK)
Prospect of no-deal Brexit blamed for dragging back UK economy as rate left at 0.75%
The Bank of England has warned that economic growth in Britain could grind to a halt during the second quarter amid mounting risks to the economy from a no-deal Brexit.
Sounding the alarm as its nine-member monetary policy committee (MPC) voted unanimously to leave interest rates on hold at 0.75%, the central bank said the lack of resolution was weighing on growth.
Related: Bank of England slashes growth forecast and leaves interest rates unchanged - business live
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