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.”
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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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