Bank of England base rate kept at 0.5% amid 'Brexit' uncertainty

Helen Knapman

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The Bank of England’s Monetary Policy Committee (MPC) has unanimously voted to keep the Bank’s base rate at 0.5%, amid economic uncertainty surrounding the forthcoming referendum on the UK’s membership of the European Union.

The Bank of England’s Monetary Policy Committee (MPC) has unanimously voted to keep the Bank’s base rate at 0.5%, amid economic uncertainty surrounding the forthcoming referendum on the UK’s membership of the European Union.

Base rate has now stood unchanged at 0.5% for a whopping 85 months in a row - it first fell from 1% in March 2009.

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Source Moneywise http://ift.tt/1NsiZK5