- The first part of forward guidance helped businesses and the population understand the first earliest stage of when interest changes would be considered
- Second phase will help guide through a sustained recovery
- Liquidity risks are still not fully priced into markets, premium will be priced into series of asset prices over medium term
- BOE will not target policy to a specific region, economy in London appear stronger than it actually is
- We will focus on UK as a whole, London alone cannot sustain UK expansion
Carney is now signing off with thanks to members leaving the MPC/FPC and off to pastures new
