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Bank of England's Carney sees need for summer stimulus after Brexit shock
Bank of England Governor Mark Carney said the central bank would probably need to pump more stimulus into Britain's economy over the summer after the shock of last week's decision by voters to leave the European Union. "In my view, and I am not prejudging the views of the other independent MPC members, the economic outlook has deteriorated and some monetary policy easing will likely be required over the summer," he said in a speech on Thursday. Carney, who has previously warned of a possible recession in Britain if it chose to leave the EU, said the BoE's Monetary Policy Committee would announce an initial assessment ... (full story)
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