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Bank of England prepares armoury for Brexit disorder, Covid-19 crisis

Governor Andrew Bailey said the central bank had done all it could to mitigate risks from a no-deal departure from the EU on December 31, and it was ready to deal with any market disruptions

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A statue is silhouetted against the Bank of England in the City of London, Britain | Photo: Reuters

David Milliken & Huw Jones | Reuters London

2 min read Last Updated : Dec 12 2020 | 2:12 AM IST

The Bank of England (BoE) took steps on Friday to keep banks lending through 2021 as Britain grapples with the Covid-19 pandemic and braces for any market disruption from a big change in the UK's trading relationship with the European Union (EU).

Governor Andrew Bailey said the central bank had done all it could to mitigate risks from a no-deal departure from the EU on December 31, and it was ready to deal with any disruptions to financial markets.

“What has the Bank of England got in its armoury, as it were? The answer is a lot. We will use our tools,

Topics : Coronavirus Brexit Bank of England UK economy European Union Boris Johnson

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