Economic news

BoE can't solve every Brexit Challenge - Carney

The Bank of England has limited influence on the economy and can't prevent all the painful knock-on effects that will come as a result of Brexit, Governor Mark Carney said on Thursday.

Carney stressed that the regulator does not have "omnipotence", though it holds significant sway in influencing inflation.

The biggest governing factors of the UK’s medium-term well-being will be the country’s new trading deals with the EU and the reforms it causes.

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