Mark Carney has called Brexit a ‘large identifiable supply shock’. So, does the post-Brexit stimulus package vindicate Carney’s recession warnings and can we rule out negative interest rates? It was the first change to rates since ‘09, the BoE cut rates to 0.25% and increased their QE programme. Are these excessive measures or will a further cut be in order?
Hermes’ Neil Williams gives an overview of the Bank of England inflation report, as Carney declares that there’s a 50-50 chance of recession, we are still wandering through the unknown.
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