Bank of England May Revive Dying Policy for Post-Brexit Package

Bank of England officials may choose to revive a tool scheduled for termination as they seek to shore up business confidence in the aftermath of Britain’s decision to quit the European Union.

As the Monetary Policy Committee gathers Wednesday to discuss data that will underpin next week’s meeting and Inflation Report, there is intense speculation that a package of measures to aid the economy will be delivered. Last month, most of its nine members expected stimulus in August and officials also discussed “various easing options and combinations thereof.”