Mark Carney isn’t butting out of the Brexit debate any time soon
The Bank of England isn’t going to butt out of the Brexit debate any time soon it seems. Today’s interest rate decision produced few surprises with the Bank sticking at 0.5%. But the headlines are focusing instead on its warning about the consequences of a vote to leave the EU. The wording about the dangers of Brexit was the starkest yet. The Bank of England said: ‘A vote to leave the EU could materially alter the outlook for output and inflation and therefore the appropriate setting of monetary policy. Households could defer consumption and firms delay investment, lowering labour demand and causing unemployment to rise’ As doomsday scenarios go, excluding
