While you were sleeping: Carney signals stimulus

Thu, 30 Jun 2016

By Margreet Dietz July 1 (BusinessDesk) - Stocks rose, while the British pound weakened, as Bank of England Governor Mark Carney signalled the central bank will likely ease monetary policy in the coming months to offset the impact of the UK’s decision to leave the European Union. “The economic outlook has deteriorated and some monetary policy easing will likely be required over the summer,” Carney said. The pounds slid 1.5 percent against the US dollar. “The comments clearly signal that the Bank of England has decided to loosen mo...

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