BoE governor Carney hints at summer rate cut

More guidance in August Inflation Report

Natalie Kenway
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BoE governor Carney hints at summer rate cut

Mark Carney, governor of the Bank of England, has hinted a UK interest rate cut or further QE could come as early as this summer, in his second post-Brexit public speech.

Prior to the referendum, it was widely expected the UK would follow the US Federal reserve in tightening monetary policy in the coming months, but the fallout from the shock result has led to many central banks revising their forecasts. Carney (pictured) said: "I am not pre-judging the views of the other independent MPC members, [but] the economic outlook has deteriorated and some monetary policy easing will likely be required over the summer." Carney: BoE 'will not hesitate' to take additional measures after Brexit vote He added the MPC will make an initial assessment at its next ...

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