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BoE to stretch out horizon for reining in inflation due to Brexit

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - The of will stretch out the horizon over which it plans to rein in to support Britain's economy as it adjusts to the country's exit from the European Union, Governor Mark Carney said on Tuesday.

"These are exceptional circumstances that the UK is operating in," Carney told an ECB conference.

"During these exceptional circumstances we will stretch out the horizon over which we return to target ... in order to support the economy in the adjustment process."

(Reporting by Balazs Koranyi and Francesco Canepa; Editing by Catherine Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 14 2017. 16:48 IST