BOE's Carney: Ready to Provide GBP250 Billion in Funds
June 24 2016 - 4:41AM
Dow Jones News
By Jason Douglas
LONDON--Bank of England Governor Mark Carney said the U.K.
central bank stands ready to pump at least GBP250 billion ($345
billion) into the financial system and will consider all other
available policy options as he sought to calm febrile markets
following the U.K.'s decision to exit the European Union.
"The people of the United Kingdom have voted to leave the
European Union. Inevitably, there will be a period of uncertainty
and adjustment following this result," the BOE governor said in a
televised statement. He said banks are well-capitalized and have
plenty of saleable assets to weather any funding problems, but
should draw on the BOE's cash facilities if needed.
"The bank will not hesitate to take additional measures as
required as those markets adjust and the UK economy moves forward,"
Mr. Carney said.
Write to Jason Douglas at jason.douglas@wsj.com
(END) Dow Jones Newswires
June 24, 2016 04:26 ET (08:26 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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