Assessing the Consequences if Britain Leaves the EU
Bond purchases, currency interventions, rate cuts or even rate increases: those are just some of the actions the Bank of England is seen taking if the U.K. votes to leave the European Union. Some 90 percent of economists in Bloomberg’s monthly survey said Governor Mark Carney would have to step in with some form of support if the June 23 referendum leads to a so-called Brexit. What’s less clear is the shape that response could take, with uncertainty about the scale and form of the fallout meaning any number of measures could be needed.
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