The Bank keeps rates on hold and publishes a survey suggesting 80% of firms are as ready as they can be for a no-deal Brexit.
Bank of England rate-setters have used their final meeting before the scheduled Brexit deadline to warn on the"nature" of the UK's departure from the EU.
The Bank's monetary policy committee voted unanimously to keep interest rates on hold at 0.75% - repeating that the next movement could be either up or down in the event of a no-deal scenario. It said:"The economic outlook will continue to depend significantly on the nature and timing of the EU withdrawal."
Its message on future rate movements is a consequence of the possible need to stimulate activity through a rate cut or move the other way to curb a surge in inflation. The announcements were made as it published the findings of a survey - of just under 300 firms - showing 80% felt as ready as they could be for a no-deal outcome.It issued the update hours after the Federation of Small Businesses told Sky News its members
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