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« Junior Gold and Silver Mining Funds or Individual Gold and Silver Mining Stocks | Main | Nigel Farage Press Conference: Brexit - Let's Get Things Started »
Wednesday
Jul132016

Bank of England rejects ‘scare story’ charges during EU referendum

 

 

Mark Carney says he did not discuss a ‘line’ on the central bank’s findings with the chancellor

 

The Bank of England has defended its role in the EU referendum campaign, rejecting accusations of peddling “phoney forecasts” and “scare stories” that undermined the independence of the central bank.

the BoE’s Financial Policy Committee said that the central bank’s examination of risks to the UK economy before the referendum simply “examined the potential parameters” of financial stability.

Asked if he accepted the notion that the BoE had promoted “phoney forecasts”, he flatly replied “no”

read more......

A BOE rate cut tomorrow could boost gold and silver along with weakening the pound......

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