Bank of England Holds Rates, Keeps Options Open before Brexit
Reuters | Thu, Nov 1, 2018
by David Milliken and Alistair Smout
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LONDON (Reuters) - The Bank of England kept interest rates steady on Thursday and hinted at slightly faster future rises in borrowing costs if Brexit goes smoothly, but warned all bets were off if next March brought a “disruptive” EU departure.
The BoE said its nine rate-setters voted unanimously to hold interest rates at 0.75 percent, in line with expectations in a Reuters poll of economists, after raising them in August for only the second time since before the financial crisis.
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