BoE on hold as Brexit weighs on outlook
Policy-makers point to weak investment and continued uncertainty
Policy-makers at the Bank of England voted to keep the headline interest rate on hold today (March 21), as uncertainty around Brexit continues to complicate decision-making.
The main rate remains at 0.75%, with inflation close to the 2% target at 1.9%. Growth is forecast to be subdued but a little higher than previously thought, at 0.3% in the first quarter.
At the monetary policy committee meeting, policy-makers noted wages were rising at around 3.5%, though there was little sign of a
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