Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Bank of England can respond to Brexit impact on economy - Carney

Published 15/07/2019, 12:27
Updated 16/07/2019, 05:49
Bank of England can respond to Brexit impact on economy - Carney

MANCHESTER, England (Reuters) - Bank of England Governor Mark Carney said on Monday the British central bank had the ability to respond to either slower growth or higher inflation which could follow the country's departure from the European Union.

"We have the flexibility to respond to circumstances in either direction - stronger growth or weaker inflation - if necessary," Carney said when asked about the risk of a recession in Britain and whether the BoE had the tools to respond.

He also said Britain's financial system was strong enough to withstand any Brexit turbulence.

Carney was responding to a question from a reporter at an event to announce the selection of mathematician Alan Turing, who helped Britain win World War Two with his code-cracking, to appear on a new 50-pound banknote.

Latest comments

Does not Christianity say you should "love your fellow man"
yes too many gays spreading, in many religion it is against all religions. if you look back into our Prophet Lut and what happened to his people. we are nearing the end times.
Carney is the kimg of yeah but no but. And look at how gchq treated Turing poisioning him for his homosexuality even though there were many closet gays working in government at that time!
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.