Bank of England readies armoury to deal with any Brexit disruption ...Qatar

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The Bank of England took steps yesterday to keep banks lending through 2021 as Britain grapples with the Covid-19 pandemic and braces for any market disruption from a big change in the UK’s trading relationship with the European Union. Governor Andrew Bailey said the central bank had done all it could to mitigate risks from a no-deal departure from the EU on December 31, and it was ready to deal with any disruptions to financial markets. “What has the Bank of England got in its armoury, as it were? The answer is a lot. We will use our tools, as we did in March, should we be in that situation,” Bailey told a news conference. The BoE ramped up market liquidity auctions at the start of the pan

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Last updated : 12 Dec 2020 clock 12:30 AM

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Bank of England readies armoury to deal with any Brexit disruption ...Qatar

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