UK interest rates remain unchanged

UK interest rates remain unchanged

Interest rates have remained unchanged in the UK and will stay at 0.5%.

Bank of England Governor Mark Carney said the economic outlook for Britain remained obscured by uncertainty about the terms of its departure from the European Union.

"While the storms of February and March have given way to sunnier skies, the economic outlook for the UK remains clouded by Brexit uncertainties," Carney said in a speech after the BoE left interest rates on hold, as expected.

"Despite the welcome agreement on a transition period, the terms on which the UK will trade with the EU beyond that period remain to be determined." 

Published: by Radio NewsHub
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