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BoE's Carney warns of Brexit risks

Published 03/08/2016, 09:05 AM
Updated 03/08/2016, 09:05 AM

Investing.com - Exiting the European Union could hurt Britain’s economy, Bank of England Governor Mark Carney warned on Tuesday. He also praised David Cameron's renegotiated EU deal, saying it would help support the UK’s monetary and financial stability. Carney insisted the BoE was not making any recommendation about how to vote ahead of the June 23 referendum. The BoE head had to fend off an attack from Jacob Rees-Mogg MP, who accused Carney of “speculative pro-EU comments”. On Monday, BoE pledged to offer extra market liquidity before and after the June vote, in case of pressure on the banking system.

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