BoE’s inflation target may hamper response to no-deal Brexit – IMF
Report urges BoE to bolster market communication in the event no deal is reached
A no-deal Brexit could limit the Bank of England’s ability to take action within its inflation-targeting mandate, according to a new report from the International Monetary Fund.
Published on December 18 as part of its Article IV consultation, the IMF report considers whether UK authorities have appropriate contingency measures in place should the UK government and European Union fail to agree to a future trading arrangement.
In such an event, the UK would revert to World Trade Organization
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