BOE’s Carney: Will not hesitate to take measures as required
|Bank of England (BOE) Governor Mark Carney was out on wires, making a speech after the UK decided to leave the EU’s membership, leaving the central banker in distraught.
Key Quotes:
BOE ready to provide GBP 250bln of additional funds
Will not hesitate to take measures as required
Economic adjustments will be supported by resilient banking system
UK economy will adjust to new trading relationships
Extensive contingency plans in place
Best contribution BOE can make is to pursue relentlessly monetary and fin pol responsibilities, these remain unchanged
In coming weeks BOE will re-assess and consider any additional policy adjustments
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