The Bank of England has kept its interest rate on hold at 0.75% after declaring that economic growth in the U.K has been stronger than anticipated.

This development comes after the world economy has stabalised, as the financial uncertainties concearning Brexit have eased.

However, the economy remains Brexit dependent, as The Bank are reluctant to move interest rates until it is clearer to which direction Brexit will head, and say that stock-pilling has been giving the economy a short term boost.

The strenghtening of the global economy will have a more important effect.

At the moment, the bank are putting off increasing interest rates, and are only expecting just one rise in interest rates by 2021.

Image credit: https://www.flickr.com/photos/59937401@N07/5474190541