Q&A continues: Q: Re positive trade.............>

FED: Q&A continues:

Q: Re positive trade development - given ups and downs with US-China, are you

concerned about adopting MonPol guidance that is dependent on the whims of

negotiations?

- A: Wouldn't put it that way. It may be there's been progress there away from

bad outcomes, the makings of a possible settlement. As with Brexit, uncertain.

But the tail risk of a nonnegotiated no deal Brexit has decreased. Just as

negotiations with China have taken a step closer to resolution. That's all I'm

saying. US-China one of many things that factor into our outlook. If anything

materially changes outlook, we will act as appropriate.

Q: Re GM strike, do unions have a role to play in boosting incomes?

- A: Not for us to say. Re GM strike, likely to have taken away a couple of

tenths of growth this quarter, should come back next year.