BOE Carney spoke Thur to the SPE. He said the...>

BOE: BOE Carney spoke Thur to the SPE. He said the future path for policy will

"depend on the outlook for the economy which in turn will depend very much on

how the Brexit negotiations evolve." He stressed that monpol is always

contingent on the econ outlook, which is broader than it being data dependent. 

--He underlined that how the Brexit negotiations evolve will be paramount in how

monetary policy evolves. But he was clear that the central bank, at least when

it comes to monetary policy, is ready for the UK's departure. 

--Carney stressed that the BOE's forward guidance is aimed "first and foremost"

to UK households and businesses. 

--Confirming current guidance by the MPC, Carney said, as the MPC has stressed,

"were the economy to develop broadly in line with the May IR projections, an

ongoing tightening of monetary policy over the forecast period would be

appropriate to return inflation sustainably to its target at a conventional

horizon."

--He confirmed that the MPC in the process of reviewing the possible range for

the equilibrium real interest rate in the medium term.