Brexit Uncertainty Been Less of a Drag on Growth According to BoE’s Forbes

Political and economic uncertainty before and after Britain’s vote to leave the European Union has proved to be less of a drag on economic growth than might have been expected, Bank of England policymaker Kristin Forbes said on Wednesday.

Forbes – who voted against restarting government bond purchases in August – said central banks should not use uncertainty as an excuse to avoid making decisions or for the BoE to change its approach to setting policy.

But she said uncertainty was hard to measure, and may be currently having less of an effect on Britain’s economy.


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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