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Carney Sought Near-Zero Rates After Brexit, New Transcripts Show

Then-Bank of England Governor Mark Carney advocated lowering interest rates to near zero to counter the economic shock of Brexit before relenting to maintain consensus among policymakers, according to newly released transcripts.


  • Jan 09 2025
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Carney Sought Near-Zero Rates After Brexit, New Transcripts Show
Carney Sought Near-Zero Rates After Brexit, New Transcripts Show
(Bloomberg) — Then-Bank of England Governor Mark Carney advocated lowering interest rates to near zero to counter the economic shock of Brexit before relenting to maintain consensus among policymakers, according to newly released transcripts. Read More

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