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Bank of England governor Mark Carney said on Tuesday now the British central bank would provide more support for the economy and event of a no-deal Brexit. The governor said that he expected the bank to provide whatever monetary support it can. The BOE said that it might need to raise interest rates after a no-deal Brexit. That is because the likely fall in the value of the pound which stoke inflation pressure. Carney also said that the BOE’s tolerance of a sustained overshoot of 2% inflation target could be breached and some tightening might be required. Carney also said that the bank's ability to help the economy is limited as a no-deal Brexit would be inflationary due to new tariffs and trade disruption
