Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below.
“Financial institutions should make greater disclosure of climate risks over coming years.”
“Since the last tightening cycle, UK mortgage market has moved to mostly fixed rate from floating rate. Changed funding patterns for UK lenders also likely to change transmission of policy tightening.”
“We do not think there has been a very significant change in the potency of monetary policy.”
“Highly elevated uncertainty tends to cause surveys such as PMI and BoE agents to be too pessimistic.”
“We underestimated scale of pre-Brexit stockbuilding in Europe.”
“If economy is notably stronger in the second quarter, that might be news for monetary policy.”
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