LONDON (Reuters) – The Bank of England will monitor the trade policies of U.S. President-elect Donald Trump for their impact on the UK economy once they are announced, BoE Governor Andrew Bailey said, adding he did not want to speculate on what the policies might be.
“We’ll watch it very closely… I’m not going to make any presumptions about what will happen, because I don’t think that’s either a) consistent with our policy remit, or b) wise, frankly. I think let’s see what happens,” Bailey said at a press conference.
“We will, no doubt, over time be able to get a better sense of a) what the policies are, and then b) how they might affect the UK economy, and of course we’ll do that. But… I don’t think it’s useful or wise to enter into speculation (as to) what they might be, because we just don’t know.”
(Reporting by David Milliken, Suban Abdulla and Andy Bruce, writing by Alistair Smout; Editing by Sachin Ravikumar)
