Carney speech: Trade concerns can reduce global supply capacity and growth

Following the Bank of England's decision to keep its policy rate unchanged at 0.75%, Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below.

"Over time trade concerns can reduce global supply capacity and growth."

"On balance we think world economy is stabilising."

"UK financial system remains ready for a no-deal Brexit."

"MPC has considerable policy flexibility and ammunition."

"It is not our mandate to compare current government Brexit policy with alternative scenarios."

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About Mark Carney 

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.