In the past, central banks have tried to stimulate faltering economies by cutting interest rates. But Duke political scientist Tim Buthe said that is not an option here because British and EU interest rates are already very low. Buthe said the overall impact of Brexit could be "stunning" because it increases uncertainty, could greatly complicate trade, and makes London a less attractive place for the financial sector.
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In the past, central banks have tried to stimulate faltering economies by cutting interest rates. But Duke political scientist Tim Buthe said that is not an option here because British and EU interest rates are already very low. Buthe said the overall impact of Brexit could be "stunning" because it increases uncertainty, could greatly complicate trade, and makes London a less attractive place for the financial sector.
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