Economics
BOE Stimulus Plans Can’t Quell Economic Pain in a No-Deal Brexit
- U.K. is still in trade talks with EU as Dec. 31 deadline nears
- Central bankers will set monetary policy on Thursday
This article is for subscribers only.
Bank of England officials hold their final scheduled policy decision of a tumultuous year still unsure whether the U.K. will get a Brexit trade deal, and knowing there’s little they can do to soothe the economic pain if it doesn’t.
Economists expect monetary policy settings to remain as they are on Thursday, while acknowledging that could change if no-deal becomes a reality before then. The BOE last boosted stimulus, to counter the prolonged coronavirus crisis, just six weeks ago.