Carney speech: Recent Brexit deal creates possibility of pick up in UK growth
|Following the Bank of England's decision to keep its policy rate unchanged at 0.75%, Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below.
"World risks slipping into low growth, low inflation rut."
"Many of these dynamics occurred first in the UK."
"Recent Brexit deal creates the possibility of pick up in UK growth."
"Pace of recovery depends critcially on how much Brexit uncertainty actually dissipates."
"Both reduced Brexit uncertainty and stronger world economy assumed in boe forecasts, but neither is assured."
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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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