BoE Governor Mark Carney defended the banks position on Brexit - ANZ

Research Team at ANZ, notes that the BoE Governor Mark Carney defended the banks position on Brexit however kept lips sealed regarding policy action on Thursday given the pre-meeting blackout period.

Key Quotes

“He added that “financial-stability risks have been more immediate,” and that “Longer term, the underlying performance of the economy is one of the key determinants of financial stability and the decisions that Parliament will take in coming years will be hugely important in determining that trajectory.”