Carney speech: Markets should not start preparing for a scenario of no further rates hikes or for rate cut

Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below.

• After no-deal Brexit, BoE could vary how quickly it seeks to bring inflation back to target, but there are limits.
• No deal Brexit is not the most likely scenario.
• Markets should not start preparing for a scenario of no further rates hikes or for rate cut. 
•  If there is Brexit deal, UK economy forecast to have inflation above target and for that to stay there.

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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.