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    30.06.2016 15:05 Bank of England Governor, Mark Carney says that stimulus likely to be needed

    30.06.2016 15:05

    Bank of England Governor, Mark Carney says that stimulus likely to be needed

    - some monetary policy stimulus likely to be needed over summer.

    - economic outlook worse.

    - MPC will make initial assessment at July 14th meeting and make a decision at August meeting.

    - uncomfortable truth that the BOE cannot fully offset a large economic shock from leaving the EU.

    So rate cuts or QE from Bank of England this summer. This will add to the already high pound volatility.


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