BOE’s Carney: Will not hesitate to take measures as required

Bank of England (BOE) Governor Mark Carney was out on wires, making a speech after the UK decided to leave the EU’s membership, leaving the central banker in distraught.

Key Quotes:

BOE ready to provide GBP 250bln of additional funds

Will not hesitate to take measures as required

Economic adjustments will be supported by resilient banking system

UK economy will adjust to new trading relationships

Extensive contingency plans in place

Best contribution BOE can make is to pursue relentlessly monetary and fin pol responsibilities, these remain unchanged

In coming weeks BOE will re-assess and consider any additional policy adjustments