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Montevideo, May 20th 2022 - 11:24 UTC

Tag: UK production

  • Friday, November 2nd 2018 - 08:13 UTC

    Bank of England leaves rates unchanged but warns on a no-deal Brexit scenario

    Carney stressed a no-deal Brexit was “not the most likely scenario”, but BoE had to be prepared for the worst case and ”rates moving in either direction”

    Bank of England governor Mark Carney has warned interest rates could rise in the event of a no-deal Brexit if a cliff-edge withdrawal sends the pound into free fall. Mr. Carney said there are scenarios where policy “might need to be tightened in the event of a no deal, no transition Brexit”, should a plunge in the value of the pound cause inflation to surge and impact UK production.