Brexit impact on economy follows IMF's modest scenario - IMF's Thomsen

Brexit impact on economy follows IMF's modest scenario - IMF's Thomsen
 

The impact of Britain's decision to leave the European Union on the country's economy is so far following a modest scenario envisaged by the International Monetary Fund, the IMF's head of the European Department Poul Thomsen said on Friday.
"While sterling obviously has declined sharply, there have been no major negative market reactions, in part because of a very strong and appropriate policy reaction by central banks, by the Bank of England and the announcement by the ministry of finance to stand ready with an appropriate fiscal policy stance if needed," Thomsen told a news... read more

 
7 October 2016 in Business, Views: 47
Source: Reuters
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