BOE's Carney: Material risks of economic disruption remain from no-deal Brexit

Author: Justin Low | Category: Central Banks

Comments by BOE governor, Mark Carney

  • UK financial system is ready for Brexit, whatever form it takes
  • Says that Brexit preparedness has improved but some risks still remain
  • If trade tensions rise it would hurt global economy further amid vulnerability seen
He's talking quite a bit on risks from global trade tensions and spillovers from slowing global growth potentially impacting the UK economy and the financial sector, a similar outlook seen in their June monetary policy meeting.

His other remarks so far pertain more to the financial system and banks/stress tests and there isn't much that will stray away from that given that he is discussing the FSR.

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