Bank Of England Frees Money For British Banking Sector

Bank of England frees Money for the British banking sector at ‘no Deal.’ The British central bank is going to make money available to the UK banking sector in case the financial institutions have a liquidity lack with a Brexit without agreement, the head of the Bank of England Mark Carney stated Tuesday.

 

Carney also mentioned that he has not yet received any signals that British banks will end up in a crisis in such a scenario.

After the consequence of the referendum in 2016,

 the British central bank took a similar step.

Carney also warned of the economic values of a ‘no deal Brexit‘.

“If we did not reach a deal in May and there is no transition period,

 then I guarantee you that economic growth will fall further than the forecast from February”,

 said the chairman of the central bank.