Bailey: There Are Limits to Calm Market After Brexit Transition

Bank of England Governor Andrew Bailey said Friday that there is a limit to the Bank of England’s ability to avoid disruption and volatility in financial markets after the Brexit transition period ends on December 31.

Bailey added that work on negative interest rates is still ongoing.

“I don’t want us to be in a situation, were it to occur, where people say ‘well you haven’t done this and you haven’t done that’ but I have to say there is a limit to what we can do,” Bailey said at a news conference following the publication of the BoE’s Financial Stability Report