The Bank of England Monetary Policy Committee, as expected, did not change policy rates, and it remains 0.75%.
Asset purchase facilities remained unchanged at 435 billion pounds.
The Monetary Policy Committee has stated that the gradual and limited increase in interest rates is appropriate, but this will require recovery in the growth of the global economy as well as in the conditions of Brexit. The level of rates will change with the Brexit.
The committee has pointed to the escalation of global trade tensions since May and its impact on global activities, and that the outlook for weak growth in the short term is due to uncertainty in Brexit.