BoE prepared to no-deal Brexit

While discussing the Brexit in Davos the Bank of England Governor Mark Carney said on that many British businesses still face problems that have yet to be solved if the UK leaves the European Union without an agreement to smooth its transition.

There are a series of logistical issues that need to be solved, and it’s quite transparent that in many cases they’re not,Carney said at a panel discussion at the World Economic Forum in Davos.

Carney repeated that the Bank of England (BoE) had room to react to a hard Brexit, adding that policy could move in either direction in such a scenario.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s