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London — The Bank of England (BoE) has said Britain faces its weakest economic growth in 10 years in 2019, blaming mounting Brexit uncertainty and the global slowdown — but it stuck to its message that interest rates will rise if a Brexit deal is done. While other central banks have said they will hold off from raising borrowing costs, the BoE restated that gradual and limited rate rises lie ahead for Britain, as along as a no-deal Brexit in just 50 days’ time is averted. “The fog of Brexit is causing short-term volatility in the economic data, and more fundamentally, it is creating a series of tensions in the economy, tensions for business,” BoE governor Mark Carney said in a speech after the Bank’s policy makers voted unanimously to keep rates at 0.75%, as expected, in a Reuters poll of economists. “Although many companies are stepping up their contingency planning, the economy as a whole is still not yet prepared for a no-deal, no-transition exit.” The 10-year British government ...

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