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Interest rates kept on hold again

20 June, 2019

Today it was announced that the Bank of England Monetary Policy Committee would be keeping interest rates at 0.75% – the 10 month in a row that they’ve stayed at this level.

The underlying message by the Bank was that there were still a lot of uncertainty around Brexit – particularly if the UK leaves the EU with no deal – as well as global trade tensions which was causing volatility in the economy.

Analysts say that this uncertainty means there is less likely to be an imminent interest rate hike.

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