- Bank of England Governor, Mark Carney says that stimulus likely to be needed
Market news
30 June 2016
Bank of England Governor, Mark Carney says that stimulus likely to be needed
- some monetary policy stimulus likely to be needed over summer.
- economic outlook worse.
- MPC will make initial assessment at July 14th meeting and make a decision at August meeting.
- uncomfortable truth that the BOE cannot fully offset a large economic shock from leaving the EU.
So rate cuts or QE from Bank of England this summer. This will add to the already high pound volatility.
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