The Bank of England is set to keep U.K. interest rates unchanged Thursday even though the economy is barely growing and set for further uncertainty in light of the tariff policies being enacted by the Trump administration in the U.

The Bank of England kept interest rates on hold and warned investors against assuming they would be cut quickly as it grappled with deep uncertainty hanging over the British and world economies.

The Bank of England, the central bank of the British economy, decided to hold the interest rates steady, after the central bank's policy meeting under Governor Andrew Bailey. Uk Holds Interest Rates The central bank retained its benchmark interest rates at 4.