Bank of England keeps interest rates at 0.1% but warns on economic outlook

UK economy faces an ‘unusually uncertain’ future with possible steep rise in unemployment

The Bank of England said the economic recovery remained on track but warned the outlook remained “unusually uncertain” after voting to keep its main interest rate unchanged at 0.1%.

Health concerns would continue to drag on the economy’s ability to rebound from the coronavirus lockdown and there was still the prospect of a steep rise in unemployment, the central bank’s monetary policy committee (MPC) said in its September report.

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