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Pushing the BoE to the limit: what a no-deal Brexit will mean for UK exchange and interest rates

Ellington, Michael and Milas, Costas (2018) Pushing the BoE to the limit: what a no-deal Brexit will mean for UK exchange and interest rates. British Politics and Policy at LSE (18 Sep 2018). Blog Entry.

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Abstract

The absence of a trade agreement between UK and EU will yield further depreciations of the pound relative to leading currencies, explain Michael Ellington and Costas Milas. This will then lead to a sharp cut in the Bank of England's policy rate and to another round of quantitative easing. In other words, a no-deal Brexit will push the Bank of England to the limit.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy/bank-of-e...
Additional Information: © 2018 The Authors; Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HF Commerce
JEL classification: F - International Economics > F1 - Trade > F10 - General
F - International Economics > F1 - Trade > F13 - Commercial Policy; Protection; Promotion; Trade Negotiations; International Trade Organizations
F - International Economics > F5 - International Relations and International Political Economy > F53 - International Agreements and Observance; International Organizations
F - International Economics > F5 - International Relations and International Political Economy > F59 - International Relations and International Political Economy: Other
Sets: Collections > British Politics and Policy at LSE
Date Deposited: 16 Jan 2019 10:11
Last Modified: 20 Feb 2019 12:59
URI: http://eprints.lse.ac.uk/id/eprint/91831

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