The Bank of England’s Monetary Policy Committee (MPC) has yet again voted unanimously to maintain Bank Rate at 0.75%.
The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases.
Frances Haque, Santander UK chief economist, ssaid: “Given the continued uncertainty over the timing and nature of Brexit, the decision to hold rates won’t be a surprise to the market.
“Coupled with the lacklustre economic data published so far for the second quarter of this year, the MPC clearly continues to be cautious in its approach.
“Until there’s more clarity on the outcome of Brexit, it’s unlikely they will raise rates further. It now looks increasingly unlikely that we’ll see a rate rise this year.”