Economics
BOE Rate-Hike Plans Are Hamstrung by Brexit: Decision Day Guide
- Central bank is due to announce its latest decision on Nov. 1
- Focus will be on new economic forecasts, Carney’s comments
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The Bank of England would normally have reason to be laying the ground for another interest-rate hike, yet these are not normal times for the U.K.
With Brexit talks still deadlocked and the March departure date looming ever closer, the central bank is likely to have to sit on its hands until it gets more clarity. Officials have so far stuck to the line that “limited and gradual” hikes are needed in coming years, and economists see no change to the benchmark rate on Thursday.