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IBDRY Iberdrola SA (PK)

50.315
0.355 (0.71%)
06 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Iberdrola SA (PK) USOTC:IBDRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.355 0.71% 50.315 49.75 50.49 50.44 50.08 50.20 27,512 21:00:55

BOE's Carney: Ready to Provide GBP250 Billion in Funds

24/06/2016 9:41am

Dow Jones News


Iberdrola (PK) (USOTC:IBDRY)
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By Jason Douglas

 

LONDON--Bank of England Governor Mark Carney said the U.K. central bank stands ready to pump at least GBP250 billion ($345 billion) into the financial system and will consider all other available policy options as he sought to calm febrile markets following the U.K.'s decision to exit the European Union.

"The people of the United Kingdom have voted to leave the European Union. Inevitably, there will be a period of uncertainty and adjustment following this result," the BOE governor said in a televised statement. He said banks are well-capitalized and have plenty of saleable assets to weather any funding problems, but should draw on the BOE's cash facilities if needed.

"The bank will not hesitate to take additional measures as required as those markets adjust and the UK economy moves forward," Mr. Carney said.

 

Write to Jason Douglas at jason.douglas@wsj.com

 

(END) Dow Jones Newswires

June 24, 2016 04:26 ET (08:26 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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