Bank of England will have to be flexible and fast in responding to Brexit

Britain’s central bank will have to double down on its monitoring of the British economy so as to minimize any potential impact from Brexit.

On Tuesday, Andy Haldane, Bank of England’s Chief Economist stated, given the economic prospects facing the country after the elections, the central bank will have to be quick and flexible in order to respond to Brexit’s impact on Britain’s economy.

“This time is different. Brexit makes it different,” said Haldane. “This means that more than usually, monetary policy needs to be flexible and fleet of foot.”



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