The Bank of inflation could raise or lower interest rates based on factors resulting from a no - deal Brexit , according to its chief economist , Andy Haldane . This may include the rise of the pound , a change in wage levels , or the number of migrant workers . The balance of supply and demand will dictate interest rates , as was the case prior to the EU referendum , excluding Haldane .
The Bank of England could raise or lower interest rates based on factors resulting from a no-deal Brexit, according to its chief economist, Andy Haldane. Factors may include the value of the pound, a change in investment levels, or the number of migrant workers. The balance of supply and demand will dictate interest rates, as was the case prior to the EU referendum, said Haldane.