The Bank of England would probably take measures to stimulate bank lending in th...
Mark Carney, Governor of the Bank of England speaks at the Council on Foreign Relations in New York, U.S., September 10, 2019. REUTERS/Mike Segar
Carney said the British central bank would probably cut the countercyclical capital buffer that it sets for banks to zero, from 1% now, if the economy - which faces the prospect of a no-deal Brexit shock - took a hit. “And certainly you can paint scenarios where you want to do some of that, but you absolutely want to complement it by fiscal policy.”
British Finance Minister Sajid Javid has raised the prospect of increased public investment in infrastructure as a way to give the economy a boost after Brexit.
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