UK central bank to assess economic impact of Brexit delay
http://www.hrlnews.com/2019/05/uk-central-bank-to-assess-economic.html
The Bank of England is set to provide its first forecasts of what Britain’s Brexit delay will mean for the British economy.
The central bank is due Thursday to keep its main interest rate on
hold at 0.75 percent following the latest meeting of the Monetary Policy
Committee.
The focus will be what Governor Mark Carney says about the Brexit
extension granted by the other 27 members of the European Union.
Britain was due to leave the EU on March 29 but Parliament twice
rejected Prime Minister Theresa May’s Brexit deal, pushing back the
Brexit date to Oct. 31.
The central bank has consistently warned about the economic impact of
Brexit uncertainty and of a deep recession if Britain were to leave the
EU without a deal.