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The Bank of England Preview: The Bank rate set to remain on hold amid Brexit uncertainty peaking
The Bank of England Monetary Policy Committee (MPC) is expected to keep the Bank rate unchanged at 0.75% in the December meeting amid a highly uncertain outlook for both the economy and monetary policy as the Theresa May government is struggling to push her Brexit deal through the UK parliament. An increased possibility of a no-deal Brexit possibly throwing the UK economy into the disarray keeps the Bank of England standing on the sidelines and waiting for further development. After the Bank raised the Bank rate by a quarter of percentage points to 0.75% in August to the highest level in the last decade, the UK ... (full story)