Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below.
“Parliament has voted against a no-deal Brexit.”
“There will be short-term volatility in the UK’s hard and soft data, BoE will look through short-term volatility in data.”
“We see evidence that Brexit uncertainty is raising the hurdle rate for business investment. The relative cost of investment vs hiring has shifted substantially in favour of hiring, this will have implications for productivity.”
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