Jul
05
Carney Warns of Brexit-Linked Slowdown as BOE Frees Bank Lending
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Countercyclical-capital buffer to stay at zero until June 2017
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BOE set to announce next monetary policy decision on July 14
Mark Carney pledged to shore up financial stability as he warned that the risks from Britain’s decision to leave the European Union have started to crystallize.
“There is the prospect of a material slowing of the economy,” the Bank of England governor said at a press briefing in London on Tuesday, after the central bank published its semi-annual Financial Stability Report. “The number of vulnerable households could increase due to a tougher economic outlook.”…
Carney Warns of Brexit-Linked Slowdown as BOE Frees Bank Lending