BOE chief to quantify impact on UK economy after Brexit vote
London
MARK Carney is about to put numbers on the gloom.
Six weeks after Britain's vote to leave the European Union sent shock waves across the nation, on Thursday the Bank of England (BOE) governor will present a detailed assessment of what it means for the economy as well as his plan of action. With initial reports showing the UK may be headed for recession, he'll need to balance a realistic picture of what's in store against the prospect of being labelled a doom-monger.
The Monetary Policy Committee's (MPC) first post-Brexit analysis is set to drive its debate over how to tackle weaker growth and faster inflation. With business and consumer sentiment faltering, the pound sterling slumping and industries from airlines to manufacturers warning of a negative fallout, economists expect Mr Carney to un…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Luxury sector outlook clouded by China’s slow recovery
TikTok CEO expects to defeat US restrictions: ‘We aren’t going anywhere’
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'
HSBC says growing Chinese wealth fuels client investments in US