Carney: BoE 'will not hesitate' to take additional measures after Brexit vote

Governor says there will be "inevitable" market uncertainty

Daniel Flynn
Carney: BoE 'will not hesitate' to take additional measures after Brexit vote

Bank of England governor Mark Carney has said the central bank has put in place "extensive contingency plans" to support the UK economy following its decision to leave the European Union.

In a speech this morning, Carney (pictured) said the bank has taken "all the necessary steps to prepare for today's events". "In the future we will not hesitate to take any additional measures required to meet our responsibilities as the United Kingdom moves forward," he added. He said there will be an "inevitable period of uncertainty and adjustment" following the decision, but the BoE is "well prepared", and stands ready to provide more than £250bn of additional funds through its normal facilities. "The Bank of England is also able to provide substantial liquidity in foreign curr...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on UK

The fall in sales volumes over the month was because of food stores, which fell by 1.6%.

UK retail sales slip in May as consumer confidence falls to lowest on record

Shoppers cut back on food spending

clock 24 June 2022 • 2 min read
"UK is at a crossroads"

Average global funds hold a third less in the UK than before Brexit

Brexit risks still an issue for managers

clock 23 June 2022 • 4 min read
The UK Infrastructure Bank just surpassed its one year anniversary

UK Infrastructure Bank to move away from investing through fund managers - reports

Chief executive has come under pressure

Elliot Gulliver-Needham
clock 23 June 2022 • 2 min read