By David Robinson
LONDON (MNI) - Bank of England Governor Mark Carney, in a foreword to the
central bank's Annual Report, said the global environment was challenging and
the Bank had extensive contingency plans to deal with the UK electorate's
decision to leave the European Union.
The statement offers no details on the plans and Carney is set to make a
keynote speech at 1500GMT Thursday.
"In a challenging global environment, it is more important than ever that
the Bank co-ordinates its microprudential, macroprudential and monetary
policies," Carney said.
The Bank assessed the implications of Brexit on its "ability to achieve our
core objectives of maintaining monetary and financial stability," he said.
"In response to the risks, the Bank and its policy commit