Bank of England Governor Mark Carney: Britain’s exit from the European Union could lead to a “technical recession”
The Bank of England (BoE) Governor Mark Carney said at a press conference on Thursday that Britain's exit from the European Union could lead to a "technical recession," adding that the central bank would do everything to cushion a shock. He pointed out that it would need time to offset the effect of shock.
"Monetary policy cannot immediately offset all the effects of a shock," he said.
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- U.S industrial production rose 0.6 percent in November after moving down 0.2 percent in October
- UK PM May: Was Crystal Clear About Assurances Needed On Brexit
- U.S retail sales were $513.5 billion in November, an increase of 0.2 percent from the previous month
- Eurozone Composite PMI fell from 52.7 in November to 51.3 in December, its lowest since November 2014