Search ForexCrunch

Bank of England Governor Mark Carney is now responding to questions from the press.

Key quotes (via Reuters)

  • There is a wide range of Brexit outcomes, but in many of them interest rates will be at least as high as now.
  • We do not need to keep dry powder for Brexit.

Related articles

BoE MPC votes 9-0 to raise interest rates by 25bps.

In its latest monetary policy meeting, held this Thursday, the BoE MPC voted 9-0 in favour of raising its key lending rate by 25 basis points to 0.75%.

GBP/USD under pressure near 1.3020 on Carney.

After moving above 1.3100 the figure in the wake of the BoE’s interest rate hike,  GBP/USD  has now come under further selling pressure and probes lows around 1.3020.

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.