Bank of England Governor Mark Carney said on Tuesday the BoE would probably give...
LONDON - Bank of England Governor Mark Carney said on Tuesday the BoE would probably give more support to the economy if it suffers the shock of a no-deal Brexit, but that the options available to the British central bank would be limited.
Prime Minister Theresa May is still trying to find a deal with the EU that can bridge the divide within her Conservative Party, little more than a month before the scheduled Brexit date of March 29. Policymakers have said that after a no-deal Brexit they might need to raise rates because the likely sharp fall in the value of the pound, new tariffs, disruption to trade and less investment by companies would stoke inflation pressures.
But two other MPC members, speaking alongside Carney to parliament’s Treasury Committee on Tuesday, sounded a note of caution about the risks from inflation after a no-deal Brexit.
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