Hammond Says BOE Should Be First Line of Defense for Economy

  • Says BOE likely to announce ‘monetary package’ in due course
  • Bank of England officials signaled stimulus may come in August

BOE Inflation Can Only Move GBP So Far, Says Halpenny

Britain’s new Chancellor of the Exchequer said the Treasury is coordinating with the Bank of England and monetary policy is the first line of defense for the Brexit-rattled economy.

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