Potential effects of sterling depreciation following Brexit
27 April 2016
Rt Hon. Andrew Tyrie MP, Chairman of the Treasury Committee, publishes a letter from the Governor of the Bank of England, responding to a question from Rachel Reeves MP asking for the Bank's analysis of the potential effects of a sharp depreciation in sterling resulting from a vote to leave the European Union.
- Letter from Mark Carney, Governor, Bank of England to Rt Hon. Andrew Tyrie MP, 29 March 2016
- Inquiry: Economic and financial costs and benefits of UK's EU membership
Chair's comments
Commenting on the correspondence, Mr Tyrie said:
"The Bank of England's letter has provided an analysis of one possible economic outcome of a vote to leave the European Union. The Treasury Committee has been conducting a wide-ranging inquiry into the economic and financial costs and benefits of the UK's EU membership. It will scrutinise the Bank's letter closely."
Further information
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