IMF: Brexit uncertainty already hitting UK investment, hiring

Headlines from the IMF crossed the wires in the last hour, highlighting the negative impact of the uncertainty surrounding Brexit on the UK economy.

Key Headlines:

Brexit uncertainty already hitting UK investment, hiring

If UK votes remain economy to rebound in h2

Brexit vote would create financial volatility, hit output

Brexit vote likely negative long-run on output, income

BOE may need to activate swap facilities with other central banks after Brexit vote

BOE may need to cut rates and do more quantitative
easing if risks of protracted weak growth and inflation undershooting materialise

While separately IMF’s Chief Lagarde noted, “Brexit is an international issue and its IMF’s duty to study it.”