BoE warns Brexit uncertainties have ‘intensified’ as rates stay on hold

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Uncertainties around Brexit have “intensified considerably” since the last policy meeting, the Bank of England’s monetary policy committee said today (December 20), as it chose to keep policy on hold.

MPC members voted unanimously to hold the key rate at 0.75% and the stock of asset purchases at £435 billion ($550 billion), noting the gloomy outlook for both the UK and the rest of the world. Downside risks to global growth have increased, the committee says in its post-meeting statement.

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