Britain needs growth reforms to complement BoE Brexit policy - El-Erian says

Britain must complement the Bank of England's post-Brexit vote stimulus with a concerted government attempt to foster growth or risk unsettling volatility in financial markets, Allianz economist Mohamed El-Erian said, the Financial Times reported. The Bank of England cut interest rates to 0.25 percent on Aug. 4 and unleashed tens of billions of pounds worth of bond-buying in an attempt to ease the economic shock from Britain's June 23 vote to leave the EU. "The BoE is forced to go to extremes to