Edition: India  
 
> >

Bank of England says Brexit transition desirable for UK, EU banks

Reuters India Wednesday, 9 August 2017 ()
LONDON (Reuters) - The Bank of England said a transition period after the Britain leaves the European Union would give banks more time to make orderly changes as Brexit poses risks to financial stability.
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: Euronews English - < > Embed

News video: Brexit weighs on UK economy

Brexit weighs on UK economy 00:55

Interest rates in the UK have again been kept at their record low level of 0.25 percent. The Bank of England also cut its forecast for growth and wages, saying the impact of Brexit has dampened household spending power. Mark Carney, the Bank of England Governor, said: “As the Brexit negotiations...

You Might Like


Other recent news in Business

Pravin Rao contender for INFOSYS top postRBI chief URJIT PATEL says state banks need more capital

Twitter

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2017 newsR / One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter