Economics
Brexit Dominates Agenda as Bank of England Unveils New Forecasts
- Economists predict officials will leave key rate at 0.5%
- Officials have said uncertainty may be weighing on growth
BOE Weighs up the Economic Risks of a Brexit
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Brexit is dominating the U.K. agenda and the Bank of England is set to update its take on how the vote is affecting the economy on Thursday.
With just six weeks to go until Britain’s referendum on its European Union membership, rate setters led by Governor Mark Carney have already warned uncertainty may be weighing on growth. That’s started to show up in the numbers and while all economists in a Bloomberg survey predict the key rate will be kept at 0.5 percent, Bank of America Merrill Lynch say one or two of the nine-member panel may vote for a cut.