Uncertainties surrounding Britain's exit from the European Union have increase significantly, damping the financial market activity and posing risks to the growth outlook, Bank of England policymakers warned on Thursday as they unanimously left the key interest rate and asset purchase targets unchanged.
The nine-member Monetary Policy Committee, led by Governor Mark Carney, held the bank rate unchanged at 0.75 percent in line with economists' expectations. The previous change in the bank rate was a quarter-point hike in August and the rate is now at its highest level since 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.