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  • BOE Set to Hold Rates as Officials Face Longer Brexit Paralysis

    From bnnbloomberg.ca

    Any hope Bank of England officials may have had of escaping from Brexit limbo this month has been dashed. The Monetary Policy Committees next interest-rate decision will be announced on Thursday, just a week before the U.K.s planned March 29 exit date from the European Union. While any kind of delay -- which would still need to be approved by the European Union -- would help avoid the worst-case scenario of a no-deal exit, its unlikely to lift the fog of Brexit that Governor Mark Carney spoke of last month. Against that backdrop, all 20 economists surveyed by Bloomberg say the nine-member MPC will vote unanimously to ... (full story)