Market news
07.02.2019, 12:39

BOE governor Mark Carney: No-deal Brexit could mean substantial economic contraction

  • Economy as a whole is not yet prepared for a no-deal Brexit

  • Fog of Brexit is causing short-term volatility in economic data

  • Brexit uncertainty hitting housing market, consumers

  • Businesses are seen building up stockpiles as Brexit contingency planning

  • It Would Be Remarkable If Current Level Of Sterling Is Consistent With Final Brexit Outcome

  • Cannot Predict Path Of Monetary Policy After Brexit

  • BoE Assumes Uncertainty Remains Elevated For A While

  • Further rise in uncertainty could push inflation below 2%

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