Bank of England holds interest rates amid intensifying Brexit uncertainty

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Central banks have been loosening monetary policy in recent weeks, amid intensifying worries about low inflation and slowing global growth.

, the BOE's nine-member Monetary Policy Committee , led by Mark Carney, unanimously voted to hold interest rates at 0.75%.signaledPrime Minister Boris Johnson has promised to deliver Brexit by October 31 "come what may," even if that means leaving without a deal in place.

Leaving without a deal in place would mean an abrupt departure from the EU with no transition period allowing businesses to adjust to life outside the bloc.that the U.K. has until September 30 to submit written proposals to replace the contentious Irish backstop policy or its relationship with the EU is "over.", according to data released by the Office for National Statistics.

 

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