Skip to content

Subscriber Only

Brexit Hijacks Draghi Retreat as ECB Faces Crisis Yet Again

Fed’s Yellen now no longer scheduled to attend ECB Forum
U.K. vote to leave EU puts pressure on monetary policies

Bloomberg business news — How Will the BOE React to the Brexit Vote?

By

Alessandro Speciale

June 27, 2016, 8:58 AM UTCUpdated onJune 27, 2016, 4:55 PM UTC

Sintra was never meant to be like this.

The European Central Bank’s annual forum in the lush Portuguese retreat outside Lisbon, which starts Monday evening, was intended as a laid-back event where central bankers and academic economists can thrash out the theories of monetary policy. Instead, reality has intruded once again, this time in the form of the U.K.’s shock decision to leave the European Union.