Carney speech: Not yet picking up a material effect on UK economy from current trade conflict.

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

Key quotes (via Reuters)

• UK would be most vulnerable to effect of trade war on global confidence and investment, not to tariffs directly.
• We are not yet picking up a material effect on UK economy from current trade conflict.
• If there is a major shift due to Brexit talks that is disinflationary or creates extreme trade-off, that could have consequences for monetary policy.

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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.