MNI INSIGHT: BOE To Send Brexit Scenarios To Committee Nov 29

By David Robinson

     LONDON (MNI) - The Bank of England's will send its detailed Brexit scenario

analysis to the UK parliament's cross-party Treasury Committee on Nov. 29.

     The work is politically sensitive, as it will look at various scenarios

including the economic impact of no deal. A date for making the analysis public,

and not just available to the Committee, has yet to be finalized and will be

discussed by the Committee and the BOE, MNI understands.

     BOE Governor Mark Carney and colleagues are then set to attend an evidence

session with the Treasury Committee the following week to discuss the scenarios.

Possible dates include Dec. 3, 4 or 5.

     In evidence Tuesday Carney talked about the possibility of having to

tighten monetary policy in the event of no deal on Brexit - if consumption

remains buoyant while the supply side is hit and sterling heads south.

     Carney had previously pledged to give the Treasury Committee the scenario

after the withdrawal agreement between the UK and the EU was finalized and

before parliament votes on it. EU leaders are scheduled to meet at an

extraordinary Brexit summit on November 25 to sign off on the deal.

--MNI London Bureau; tel: +44 203-586-2223; email: david.robinson@marketnews.com

[TOPICS: M$B$$$,M$E$$$,MX$$$$,M$$BE$]