Brexit
Growth risks push Mauritius MPC to cut by 40bp
Central bank cuts to 4%, amid risks arising from Brexit and potential volatility from US elections
Bank of Italy sees Brexit having little impact on country
Commercial and financial links less than other European countries, Bank of Italy argues
Bank of Canada sees ‘modest effect’ from Brexit
Canadian and US central bankers size up cost of UK’s vote to leave the EU
Sarb deputy sees tail risks from Brexit but expects storm to calm
Mminele sees tail risk from asset liquidation by UK corporates and investment funds
European banks suffer as regulators ban Monte dei Paschi short-selling
Banks hit by further shockwaves from UK’s vote to leave EU
Monetary easing ‘likely’ required over summer, says Carney
Bank of England governor expects easing in the coming months following UK vote to leave EU
Reasons to be optimistic after Brexit
Both the UK and Europe can turn Brexit to their advantage
BoE injects £3.1bn liquidity into UK banks
First post-referendum liquidity auction sees banks draw £3.1 billion in long-term repos, mostly against the weakest eligible collateral class
Dombrovskis replaces Hill in leading work on Capital Markets Union
Further financial integration moves seen as unlikely in near term by one analyst
BoE seen shifting into easing mode
Central bank may have limited room for manoeuvre