Bank of England could cut interest rates in event of no-deal Brexit
by Richard Partington from Economics | The Guardian on (#4HZF6)
Governor Mark Carney says no deal would probably require stimulus for the economy
Mark Carney has indicated that the Bank of England could have to cut interest rates should Britain crash out of the EU without a deal as he said the mounting risks of such a scenario were slowing down growth.
Answering questions from MPs on the Commons Treasury committee on Wednesday, the governor of the Bank said a no-deal Brexit would probably require economic stimulus.
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