The Bank of England (BOE) held interest rates steady on Thursday, amid intensifying uncertainty over Britain's departure date from the European Union.
div > div.group > p:first-child"> With just eight days to go before the country is set to leave the bloc, the BOE's nine-member Monetary Policy Committee , led by Mark Carney, unanimously voted to leave interest rates unchanged at 0.75 percent.
"The economic outlook will continue to depend significantly on the nature and timing of the EU withdrawal," the BOE said. A disorderly exit from the EU on March 29 remains possible as May waits to formally hear from Brussels on her request to push back the U.K.'s departure from the bloc.The BOE's rate decision comes after the U.S.Federal Reserve abandoned forecasts for any interest rate hikes this year amid signs of an economic downturn.
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