The Latest: Bank of England worries about Brexit

Irish singer Bob Geldof, center, gestures on board a boat taking part in a pro-EU counter demonstration, as a Fishing for Leave pro-Brexit "flotilla" makes its way along the River Thames in London, Wednesday, June 15, 2016. (Stefan Rousseau/PA via AP) UNITED KINGDOM OUT

The minutes to the Bank of England's last policy meeting show the rate-setters are worried about the economic and market repercussions of a British vote to leave the European Union next week.

At Thursday's meeting, in which they left interest rates on hold, the policymakers said a vote to leave could see households defer spending and companies delay investment. Echoing previous forecasts, it said the pound would like drop significantly, which would push up inflation.

In such a case, the Bank of England would face the dilemma of whether to raise interest rates to lower inflation — but hurt the economy — or leave them low, exposing the country to a rise in prices.

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