Carney Signals Possible Interest Rate Cuts

The Bank of England governor has hinted at interest rate cuts as "monetary policy easing will likely be required" in the summer. In a speech at the Bank of England, Mark Carney said the uncertainty over Britain's exit from the European Union - which he described as "a major regime shift" - had forced the bank to consider monetary stimulus over the coming months. Mr Carney said that Britain's economic outlook had "deteriorated" as a result of the vote to leave the EU and that, at a meeting on 14