Why the Bank of England will struggle to stop the economic fallout of a hard Brexit – and could even make it worse
Huw Macartney,
The global economy is slowing. Most central banks are talking about cutting interest rates to boost the economic recovery. The US Federal Reserve has cut rates twice after consistently raising them in recent years. Markets are convinced that the only way for UK rates is down – a rate cut – if the UK experiences anything close to a “hard Brexit”.
