Carney speech: Positive rebalancing of UK economy away from consumption has paused

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

• Positive rebalancing of UK economy away from consumption has paused.
• No deal, no transition Brexit is not the central scenario, probability has gone up.
• Hope that BoE will have material information on Brexit by time of next forecasts in May.

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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.