The Bank of England has held interest rates at 0.75 percent, as it downgraded its growth predictions to be flat in the second quarter of 2019.

Previously, the BoE had predicted growth of 0.2 percent.

Laith Khalaf, senior analyst at Hargreaves Lansdown, was not surprised by the decision: “The Bank of England was never going to rock the boat with an interest rate rise, given static economic conditions and a continued lack of direction on Brexit.”

In fact, it is unlikely there’ll be a rate hike between now and October, “despite GDP growth being close to potential,” Nancy Curtin, chief investment officer...