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Bank Of England Says Brexit Uncertainties 'Intensified Considerably'

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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by RTTNews Staff Writer

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