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Bank of England Will Give View on Brexit Deal, Carney Says
Mark Carney thrust the Bank of England into the Brexit debate again, saying he’ll give a thumbs up -- or down -- to any divorce deal that Prime Minister Theresa May reaches with the European Union. “We will have to give our view on whether or not the arrangements are consistent with our ability to fulfill our statutory responsibilities,” the BOE governor said Tuesday, testifying to lawmakers on the Treasury Committee in Farnborough, U.K. The central bank is responsible for maintaining monetary and financial stability. Leaving the EU with no deal in place would have a major impact on the economy and the central ... (full story)
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