Bank of England chief economist calls for big post-Brexit stimulus

Andy Haldane made it clear the Bank's monetary policy committee would do more than merely cut interest rates from their already record low of 0.5% when it meets in August... The tone and content of Haldane's speech suggest that the MPC will use public appearances to make the case for strong action in August. Options include cutting interest rates to 0.25% or lower, restarting the Bank's £375bn quantitative easing scheme and providing cut price loans to banks under the funding for lending scheme.