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. Below are some key quotes as reported by Reuters. “Multilateralism is under some strain.” “Trade tensions are causing businesses to rethink their supply chains.” “BoE can be nimble and quick in adjusting monetary in either direction, depending on government fiscal choices.” “Easing policy does not make sense now.” “Economic situations faced by UK and eurozone and United States are quite different.” Related articles Bank of England lowers 2019 GDP growth forecast to 1.3% from 1.5% in May. According to the updated economic projections in the Quarterly Inflation Report, the Bank of England forecasts the economy to expand by 1.3% in 2019, compared to 1.5% reported in May’s publication. GBP/USD off 2-1/2 year lows, still in the red post-BoE. The GBP/USD pair held on to its weaker tone post-BoE, albeit has managed to recover around 15-20 pips from an early dip to sub-1.2100 level. 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. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Irish PM Varadkar: I think we should be afraid of a no-deal Brexit FX Street 4 years 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. Below are some key quotes as reported by Reuters. "Multilateralism is under some strain." "Trade tensions are causing businesses to rethink their supply chains." "BoE can be nimble and quick in adjusting monetary in either direction, depending on government fiscal choices." "Easing policy does not make sense now." "Economic situations faced by UK and eurozone and United States are quite different." Related articles Bank of England lowers 2019 GDP growth forecast to 1.3% from 1.5% in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
