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In an interview with  Bloomberg Television’s Francine Lacqua, Bank of England governor Mark Carney said that  policy makers saw a requirement for a few more rate increases over the next few years, if the economy remained on this track.

Key quotes (via Bloomberg)

  • This is the right decision for the economy given the track that it’s on.
  • Obviously, there’s a wide range of Brexit outcomes that are possible, and we all hope that by the end of the year we’ll all much better informed about which path the U.K. and EU are taking.
  • The crucial period in the negotiations is between now and the end of the year. There needs to be Parliamentary approval by the Brexit date, March 29.