0
114
Bank of England MPC meeting Minutes now poublished 16 June 2016
- fall perhaps sharply after a vote to Leave due to worsening terms of trade, lower productivity, higher risk
BOE now finally getting the picture that all is not well regardless of Brexit
- outcome of EU referendum biggest immediate risk for UK fin markets
- a vote to Leave would pose risks to global economy
- MPC was briefed on BOE's contingency plans for referendum
Oooh, can we all have a look ?
- MPC discussed fin stability measures available to FPC
- issues discussed include more intensive supervision from PRA to make sure banks have sufficient liquidity inc foreign currencies
- core inflation remains subdued, expected to increase much more gradually over course of year than CPI
Full Minutes here
GBPUSD falling to 1.4115 on the less than optimistic tones