Carney Pledges $345 Billion to Fund First Line of Brexit Defense
- BOE governor says BOE will consider other measures if needed
- U.K. votes by 52% to 48% to leave the European Union
Carney: Bank of England Well Prepared For Brexit
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Mark Carney isn’t taking any chances.
As markets went into turmoil and the pound plunged to a three-decade low after Britain voted to leave the European Union, the Bank of England issued an early morning statement and its governor stepped in with a pledge to provide an extra 250 billion pounds ($345 billion) for the financial system. He also said the BOE has further measures if needed to deal with what he described as a “period of uncertainty and adjustment.”