Free Trial

Carney asked have you changed your assessment...>

BOE
BOE: Carney asked have you changed your assessment of policy since January?
Carney: "We are in the process of updating" our forecast. Doesn't want to put
any numbers on it. Says that the impact of coronavirus is "potentially large"
and we are beyond the contain to the delay phase in a number of jurisdictions.
Could be 1, potentially 2, quarters of economic growth getting hit. The UK
economy is the most open in the world. Notes that financial system in very
different place to in 2008 - BoE now responsible for banking system, UK
households have delivered relative to their incomes vs 2008. 2008 caused lasting
scars - this time would be disruption not destruction.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.