Bank of England Governor, Mark Carney: BOE ready to provide GBP 250bln of additional funds

Market news

24 June 2016

Bank of England Governor, Mark Carney: BOE ready to provide GBP 250bln of additional funds

- economic adjustments will be supported by resilient banking system

- UK economy will adjust to new trading relationships

- extensive contingency plans in place

- best contribution BOE can make is to pursue relentlessly monetary and financial responsibilities

- in coming weeks BOE will re-assess and consider any additional policy adjustments

Oil is trading lower

Italian retail trade lower than forecasts

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