Carney speech: We are at the point of close to maximum uncertainty over Brexit

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

• In no deal Brexit scenario, would need to distinguish between short-term logistical challenges and long-term structural effects on supply capacity.
• Will be a challenge for BoE to distinguish between temporary and persistent effects of no-deal Brexit.
• We do expect a rebound in demand after a Brexit deal.
• Business is taking a very cautious approach right now.
• We are at the point of close to maximum uncertainty over Brexit.

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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.