News - Censeo Financial

Interest rates held at 0.75% - Censeo Financial

Written by admin | Dec 20, 2018 12:44:25 PM

The Bank of England has voted to keep interest rates at 0.75% after predicting slower economic growth in 2019. This is partly due to the levels of uncertainty surrounding Brexit.

The Monetary Policy Committee, which decided to keep rates on hold for the fourth month in a row, also pointed out that commercial bank funding costs had risen sharply.

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