Commentary: Overblown rhetoric over UK withdrawal
By David Marsh in Kraków
The rhetorical battle over the best way for Britain to exit the EU has witnessed a ratcheting up of overblown invective from all sides. We have dire technocratic admonitions on the effects of a ‘no deal’ Brexit without a formal withdrawal agreement. Mark Carney, Bank of England governor, weighed in by telling May’s ministers that a ‘no deal’ departure would drive up mortgage rates, knock the pound and drive down house prices by 35%. It can be safely presumed that none of these dire predictions will come to pass.
Read the full commentary on the website.
Meeting: US economic outlook
Wednesday 3 October, London, 11:00 BST
OMFIF convenes a City Lecture with Charles Evans, president and chief executive officer of the Federal Reserve Bank of Chicago and member of the Federal Open Market Committee
The lecture will cover developments in the US economy, monetary policy changes and macroeconomic trends.
Request to attend the meeting.