BOE chief denies overstepping mark with Brexit warning

London

BANK of England governor Mark Carney denied on Sunday that he had compromised the central bank's independence by warning of the short-run costs of leaving the European Union, after criticism from "Out" campaigners.

Last week the BOE said Britain risked slower growth, higher inflation and even recession if voters backed leaving the EU in a referendum on June 23, prompting criticism that the BOE was biased and itself destabilising markets.