Bank of England prepares to tackle Brexit hit

Members of the public walk past the Bank of England in central London

LONDON: The Bank of England (BoE) must decide over the coming week how much trouble Britain’s economy is in following the shock vote to leave the European Union, and how much firepower it can throw at the problem.

After the Bank of Japan (BoJ) on Friday disappointed expectations of a major new stimulus drive, the BoE could even add to the Brexit uncertainty in Britain if it simply shaves its already record-low interest rates, some economists say.