The Bank of England holds rates as storm clouds brew

Inside Business: The Monetary Policy Committee sat on its hands because it has no better idea of how the Brexit mess will be resolved than you or I

Carney talking about the economy following ‘a wide range of paths’ is hardly reassuring (Reuters)

Ladies and gentlemen, we are officially in the middle of what’s colloquially referred to as a s***storm.

Of course, the Bank of England couldn’t put it like that.

But it’s the clear implication of what governor Mark Carney said after he announced that the Bank’s Monetary Policy Committee (MPC) unanimously voted to keep interest rates on hold amidst a developing economic squall.