A number of economists have warned about the consequences of leaving the EU, with IHS Global Insight cutting its growth forecasts to 1.5% from 2% for 2016 and to 0.2% from 2.4% for 2017. Also on Thursday, Bank of England governor Mark Carney signaled that interest rates could be cut over the summer to help boost the UK economy. He said "some monetary policy easing" would be required in response to the Brexit vote.