Bank of England governor Mark Carney has said the central bank has put in place "extensive contingency plans" to support the UK economy following its decision to leave the European Union.
In a speech this morning, Carney (pictured) said the bank has taken "all the necessary steps to prepare for today's events". "In the future we will not hesitate to take any additional measures required to meet our responsibilities as the United Kingdom moves forward," he added. He said there will be an "inevitable period of uncertainty and adjustment" following the decision, but the BoE is "well prepared", and stands ready to provide more than £250bn of additional funds through its normal facilities. "The Bank of England is also able to provide substantial liquidity in foreign curr...
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