Into the Q&A
All MPC members are committed to discharging their duties whatever the Government
Bank can react more rapidly than other institutions
This meeting is part of our communication
Bank can meet any time and make a decision
We will still have to wait until the August inflation report forecasts
Won't comment on current level of sterling
Currency needed to find a new level
Does not comment on whether UK will see a recession
BOE will react, we are not fatalistic
There's merit to taking policy action as soon as possible
We will discuss which tools we may choose (again, this sounds like rate cuts are not going to be the goto choice)
Easing is not just about the bank rate (There you go, see my comment above)
The options are not just what the BOE used in the last crisis
If we decide on stimulus it will have to be as useful as possible
Bank is dealing with an uncertainty shock to the economy
Will not resign if Brexit members come into power
BOE did its job of indentifying the risks
Cable holding below 1.33 means the line has been drawn.
End of questions
