More BOE Carney: Global growth is well below trend

BOE Carney continues his press conference

Bank of England's Carney is continuing his press conference. He adds:

• Global growth as well below trend, we are close to where we moved to something that starts to feel like a recession
• There our growing questions whether some global supply chains are sustainable given trade tensions
• all forms of protectionism are becoming more pervasive persistent and damaging than expected a few years ago
• over time trade concerns can reduce global supply capacity and growth
• on balance we think world economy is stabilizing
• MPC has considerable policy flexibility and ammunition in case of a no deal Brexit