Any shock the United Kingdom may suffer from the country's departure from the European Union will be met by action from the Bank of England so that the financial system remains stable, Governor Mark Carney told ITV on Thursday. Policymakers will provide support for the economy in any possible outcome, he stressed and claimed a Brexit transitional deal is in the interest of both sides.
Citing the signals from both the government and businesses, the chief rate-setter insisted a beneficial and comprehensive trade and investment deal, after an agreement about the interim period, is also crucial, claiming there is wide consensus about the matter in the monarchy as well as in mainland Europe. In the view of BoE's chief, Britain's economy would have done better if the referendum initiative hadn't passed.
