Under Brexit threat, Bank of England expected to cut rate, add stimulus tomorrow

OTTAWA — The Bank of England is expected on Thursday to do something it hasn’t done since the global recession: cut its key lending rate, under the threat of a Brexit-fueled recession.

Governor Mark Carney acknowledged in a speech just days after the June 23 vote in favour of the U.K. exiting the European Union that the economic outlook had already “deteriorated and some monetary policy easing will likely be required over the summer.”

The Bank of England should throw the kitchen...

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