Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Bank of England's Carney sees 'very short term' slowdown in UK economy: Stockport Express

Published 04/28/2016, 09:24 AM
Updated 04/28/2016, 09:30 AM
© Reuters. Bank of England Mark Carney attends U.S. President Barrack Obama's Town Hall meeting at Lindley Hall in London

LONDON (Reuters) - Britain's economy appears to be slowing because of June's European Union membership referendum but this is likely a "very short term" slowdown, Bank of England Governor Mark Carney said in a newspaper interview published on Thursday.

Carney said the economy was performing "pretty well" and that he expected wage growth to improve over time.

"In the very short term the economy appears to be slowing, probably related to issues around the referendum," Carney told the Stockport Express, a newspaper based in northwest England.

He reiterated that risks around the EU referendum were the biggest faced by the British economy, and that interest rates would be likely to rise modestly and gradually in future.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.