India, March 21 -- Bank of England policymakers decided that it was appropriate to keep the interest rate and monetary stimulus unchanged this month as UK lawmakers scramble to secure an extension of the deadline for leaving the European Union.
The bank also released the results of a survey which showed that "a significantly greater number of companies had judged themselves ready for a no-deal, no-transition Brexit scenario."
The central bank reiterated that a further tightening of policy at a gradual pace may be need if the economy expands in line with projections, but added that a lot depends on how Brexit pans out.
"The MPC judged that the monetary policy response to Brexit, whatever form it took, would not be automatic and could be i...