A bank chief executive told The Sunday Times he was invited to Threadneedle Street to check whether its balance sheet could withstand an interest rate cut.
The Bank of England has reportedly warned lenders to prepare for an interest rate cut in the event of a Brexit.
A bank chief executive told The Sunday Times he was invited to Threadneedle Street to check whether its balance sheet could withstand an interest rate cut.
In its inflation report this week the Bank is expected to warn about the consequences of a Brexit on inflation and interest rates.
Mark Carney, Governor of the Bank of England, has previously labelled the referendum as the “biggest domestic threat” to financial stability.
There is speculation at least one member of the Monetary Policy Committee could push for a rate cut this month in light of stalling economic growth.
