Bank of England holds rate, raises UK growth forecast
Bank of England
London - Arab Today
The Bank of England on Thursday froze its key interest rate at a record-low 0.25 percent and ramped up its economic growth forecast for next year.
The central bank raised its prediction for 2017 GDP expansion to 1.4 percent from 0.8 percent, although the improved outlook since August has been clouded by Thursday's High Court decision to order a parliamentary vote on Brexit.
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