The Bank of England kept interest rates unchanged today and hinted at a slightly faster future rises in borrowing costs if Brexit goes smoothly, but warned of a devastating Brexit.
The bank said it had voted unanimously to keep interest at 0.75%, in line with expectations, after the Bank of England raised interest rates for the second time since the financial crisis in August.
The Brexit dominates the future of the world's fifth-largest economy, which has slowed since Brexit membership referendum in June 2016. Most forecasts suggest interest rates will remain unchanged until mid-2019.
