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Bank of England could cut interest rates in event of no-deal Brexit

Bank of England could cut interest rates in event of no-deal Brexit

Mark Carney has indicated that the Bank of England could have to cut interest rates should Britain crash out of the EU without a deal as he said the mounting risks of such a scenario were slowing down growth.

  • Shared by the Guardian
  • June 27, 2019
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Answering questions from MPs on the Commons Treasury committee on Wednesday, the governor of the Bank said a no-deal Brexit would probably require economic stimulus.

Read more at the Guardian

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