×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Britain | Economy

UK Central Bank Holds Rates as it Assesses Brexit Delay

Thursday, 02 May 2019 07:38 AM EDT

LONDON (AP) — The Bank of England kept its main interest rate on hold at 0.75% on Thursday as it assesses what impact the delay to Brexit might have on the economy.

The central bank's Monetary Policy Committee voted unanimously to keep the main rate on hold. Governor Mark Carney will hold a news conference later where the focus will be on his views of the effect of the Brexit extension, which has removed the immediate threat of a crash out of the EU without a trade deal but also prolongs uncertainty.

Minutes to the central bank's meeting released Thursday showed some concern about the level of uncertainty.

"The economic outlook will continue to depend significantly on the nature and timing of EU withdrawal, in particular," the rate-setters said.

Britain was due to leave the EU on March 29 but Parliament twice rejected Prime Minister Theresa May's Brexit deal, pushing back the Brexit date to Oct. 31.

The central bank has consistently warned about the economic impact of Brexit uncertainty and of a deep recession if Britain were to leave the EU without a deal.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The Bank of England kept its main interest rate on hold at 0.75% on Thursday as it assesses what impact the delay to Brexit might have on the economy.The central bank's Monetary Policy Committee voted unanimously to keep the main rate on hold. Governor Mark Carney will hold...
EU,Britain,Economy
184
2019-38-02
Thursday, 02 May 2019 07:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved