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Bank of England will do what it can to help UK in no-deal Brexit: Carney

Bank of England will do what it can to help UK in no-deal Brexit: Carney
FILE PHOTO: The Governor of the Bank of England, Mark Carney leaves after a news conference at the Bank of England in London, Britain February 7, 2019. REUTERS/Hannah McKay/Pool   -   Copyright  HANNAH MCKAY(Reuters)
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LONDON (Reuters) – The Bank of England will do what it can to support the economy in the event of a no-deal Brexit, although it would be unable to solve problems like border delays, Governor Mark Carney said on Wednesday.

“We will do everything we can to support the economy, but since we can’t support supply, there is a limit to what we can do,” Carney told Sky News in an interview.

“In the short-term, it’s first and foremost a supply hit, and the Bank of England can do nothing about that, it has no tools for that.”

(Reporting by Andy Bruce)

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