BoE on hold as Brexit clouds outlook
Central bank may have to raise rates even in disorderly Brexit scenario, Carney says
The Bank of England kept its policy instruments unchanged today (November 1), as governor Mark Carney emphasised the uncertain impact of possible Brexit outcomes on the economy.
Much depends on whether the UK is able to secure a deal with the European Union. The governor acknowledged that in one unappealing scenario, a disorderly Brexit might force the central bank to raise interest rates, which could even happen during a recession.
However, Carney stressed such a situation appeared highly
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