BOE's Carney would like a reasonable transition period post-Brexit

Author: Mike Paterson | Category: Central Banks

BOE governor Carney from the ECB panel discussion 14 Nov

  • UK currently operating under exceptional circumstances now due to Brexit
  • there is an impact on incomes
  • markets must be prepared thoroughly for policy shift
  • taper tantrum lesson showed importance of communication
  • Fed succeeded in guiding markets on balance sheet move
  • transparency improves policy transmission
There will be Q&A session from the floor shortly so let's see if they manage to trip anyone up.