The Bank of England governor has hinted at interest rate cuts as “monetary policy easing will likely be required”

The Bank of England governor has hinted at interest rate cuts as “monetary policy easing will likely be required” in the summer.In a speech at the Bank of England, Mark Carney said the uncertainty over Britain’s exit from the European Union – which he described as “a major regime shift” – had forced the bank to consider monetary stimulus over the coming months.
Mr Carney said that Britain’s economic outlook had “deteriorated” as a result of the vote to leave the EU and that, at a meeting on 14 July, the bank’s policymakers would make an initial assessment.