Carney Pledges $345 Billion to Fund First Line of Brexit Defense

(Bloomberg) Mark Carney said the Bank of England is ready to pump billions of pounds into the financial system as he stands at the front line of Britain’s defense against a Brexit-provoked market crisis.

The BOE governor declared that the central bank can provide an extra 250 billion pounds ($345 billion) through its existing facilities. It also has further measures if needed to deal with what he described as a “period of uncertainty and adjustment” after Britons voted to end their 43-year membership of the world’s largest single market.
To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply