Carney Braces for Brexit Twists as Inflation Unease Grows
- BOE left rate and QE unchanged after latest policy meeting
- Some policy makers expressed concern over consumer-price gains
BOE Holds Rates Steady at 0.25% in 9-0 Decision
This article is for subscribers only.
Mark Carney warned that surprises could still be ahead as the U.K. starts the formal process of leaving the European Union, and the Bank of England is ready to respond accordingly.
“The Brexit journey is really just beginning; while the direction of travel is clear, there will be twists and turns along the way,” the BOE governor told a press conference in London on Thursday. “We can see scenarios in either direction” for policy.