Bank of England cuts UK growth forecast and holds interest rates
Governor Mark Carney makes biggest intervention yet on the Brexit debate
The Bank of England's Monetary Policy Committee (MPC) today voted 9-0 to keep UK interest rates at historic low of 0.5 per cent.
In February, the MPC forecast that the UK economy would grow 2.2 per cent in 2016 and 2.4 per cent in 2017 but this has been revised down to 2 per cent and 2.3 per cent respectively.
The downgrade has been made as the BoE prices in the risk of ...
