BoE's Broadbent: Doesn't know which way rates would go in case of a messy no-deal Brexit
|The BoE Deputy Governor, Ben Broadbent, in an interview with the Press Association published this Monday, said that a delay in Brexit deadline to October will have a negative impact on investments.
Key quotes:
• Investment already feeling the consequences of uncertainty.
• If Brexit deal is struck, there could be quite a strong rebound in investment.
• Doesn't know which way rates would go in case of a messy no-deal Brexit.
• Reiterates that any BOE rate hikes will be gradual.
• Haven't decided whether to apply to succeed Carney as BoE Governor.
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