Mark Carney spoke at the parliamentary hearings. He paid special attention to the possible lack of liquidity in the country’s banking system due to Brexit. According to the head of the Central Bank of Great Britain, in order to prevent the problem it was decided to increase the frequency of repo auctions. In the next two months they will be held every week instead of monthly auctions. This will ensure financial stability in the country. The Bank of England will not allow a liquidity crisis. Carney told me. He also promised that the Central Bank will closely monitor the situation in the markets and, if necessary, take appropriate measures.Mark Carney also noted in his speech the formation of a negative
dynamics in the economy of the country. The sharp slowdown in economic growth was
was recorded at the end of last year, and it has been maintained this year. Carney…
said that the future of the British economy is very uncertain, because
it’s not clear how relations with the European Union will be built after Brexit. Business, financial markets, and
Also, consumers are already under pressure from the situation. About this.
shows an increase in the volatility of recent statistical data.
Mark Carney, Head of the Bank of England, addresses the Parliament
