The Bank of England on Thursday unanimously decided to keep interest rates and its bond purchase program unchanged, giving the central bank two more months to decide whether to provide more stimulus to the U.K. economy.
“The outlook for the economy remains unusually uncertain,” said the statement from the Bank of England. “Recent domestic economic data have been a little stronger than the Committee expected at the time of the August Report, although, given the risks, it is unclear how informative they are about how the economy will perform further out. “
Economists caution that the planned October expiration of a government furlough program could pressure the economy, as will new restrictions being put on various parts of the country due to a recent increase in coronavirus cases.
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