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Bloomberg Surveillance

Blanchflower: Brexit is a downside risk

Bloomberg Surveillance

Bloomberg

Investing, Business News, News, Business

3.81.2K Ratings

🗓️ 12 May 2016

⏱️ 21 minutes

🧾️ Download transcript

Summary

Blanchflower: Brexit is a downside risk

Transcript

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0:00.0

To me, context is about pattern recognition.

0:02.8

It's connecting the dots.

0:04.4

It's giving readers an ability to synthesize

0:07.6

a number of different perspectives

0:09.2

so they can understand how the greater whole works,

0:12.0

because nothing really occurs in isolation anymore.

0:14.4

I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion.

0:18.0

On our platform, we ask tough questions and solve complex problems with the facts in mind.

0:23.0

Start exploring our opinion coverage and more at Bloomberg.com slash subscribe.

0:28.0

Is likely all things being equal, likely to result if not a sudden stop,

0:35.0

I wouldn't necessarily go there, but in higher risk premium on

0:40.0

range of sterling assets, higher financing costs, the consequence of that is less of it will come in.

0:45.0

People will make decisions around that.

0:47.0

But in terms of market functioning, because you reference market functioning,

0:55.0

I just wonder, Minouche, can I ask you just to say a word on, this is not news,

1:00.0

but I think it's important to understand that, you know, what we're doing as the bank as a whole

1:06.0

is to use everything we can to mitigate any of these factors in and around the referendum regardless of outcome.

1:14.0

Our job is to try to mitigate and maybe just say a word if you could.

1:18.0

Sure. I mean on the Sterling side, as you probably...

1:20.0

That was the Bank of England Governor Mark Carney.

1:23.4

He has been talking about the Bank of England's decision to issue a strong warning about the impact

1:28.2

of a decision to leave the European Union on the British economy. The pound at the moment, 14441 has actually

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