Carney issues sharp warning over Brexit

Mark Carney
BoE governor Mark Carney
Bank of England

The Bank of England’s monetary policy committee (MPC) left its policy rate unchanged today (August 1), as governor Mark Carney warned that uncertainty over Brexit was harming the economy.

Carney told the monetary policy press conference that “it is clear the level of uncertainty is affecting business”. He said it was “also clear there has been a substantial shortfall in investment”, adding: “It is beginning to become clear that the trade response to lower sterling has begun to fade.”


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