The Bank of England governor has hinted at interest rate cuts as “monetary policy easing will likely be required”

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The Bank of England governor has hinted at interest rate cuts as “monetary policy easing will likely be required” in the summer.In a speech at the Bank of England, Mark Carney said the uncertainty over Britain’s exit from the European Union – which he described as “a major regime shift” – had forced the bank to consider monetary stimulus over the coming months.
Mr Carney said that Britain’s economic outlook had “deteriorated” as a result of the vote to leave the EU and that, at a meeting on 14 July, the bank’s policymakers would make an initial assessment.

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