Following the Bank of England’s decision to keep its policy rate unchanged at 0.75%, Governor Mark Carney is responding to questions from the press with key quotes, via Reuters, found below.
“As more detail of post-Brexit trade talks emerge, BoE will adjust its forecasts.”
“I will do what is necessary to ensure there is an appropriate hand-off to my successor.”
“Understandable given political pressures that no decision has been made on my successor.”
“Need to distinguish between Jan. 31 Brexit deadline and when new trading arrangements take effect.”
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About Mark Carney
Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.
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