The BOE have revealed the worries and plans they had over the Scottish referendum vote last month. Top of the list was a plan for extra liquidity measures in case of a yes vote.
They saw possible instability on the Scottish currency plan as well as risks to credit ratings, banks ratings, and deposit insurance and were aware that Scottish companies redomiciling wouldn’t have allayed any of those risks.
The details were discussed at the FPC level and gives us a small insight into how the BOE would have reacted. It certainly paves the way for when the next vote comes around.
