Carney Speech: Process of Brexit is beginning to affect UK economy's supply capacity

Eren Sengezer FXStreet

Mark Carney, Governor of the Bank of England (BoE), is giving his remarks on the monetary policy decisions, with key headlines, via Reuters, found below:

Process of Brexit is beginning to affect UK economy's supply capacity
Level of investment in UK in 2020 is likely to be 20 pct below level forecast before Brexit vote
Any increases in bank rate would be expected to be gradual and limited
MPC stands ready to respond to changes in the economic outlook to ensure inflation returns to 2 pct

Key notes:

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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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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