BOE keeps rates at record low, cuts wage and growth forecasts

London

THE Bank of England (BOE) kept interest rates at a record low again on Thursday and cut its forecasts for growth and wages as Brexit weighs on the economy.

Governor Mark Carney said, however, it would not take much of a pick-up to justify a rate hike. The central bank also reiterated it might raise borrowing costs a bit more than investors expect over the next three years, possibly within a year.