Carney Speech: Global equilibrium interest rate is potentially rising

Mark Carney, Governor of the Bank of England (BoE), is giving his remarks on the monetary policy decisions, with key headlines, via Reuters, found below:

• Global equilibrium interest rate is potentially rising
• Business investment is likely to be below average with bad consequences for productivity, capacity, and wages
• As Brexit negotiations proceed, assumption of smooth transition will be tested
• Even a limited pick-up in growth will have consequences for monetary policy
• Process of Brexit is beginning to affect UK economy's supply capacity

Key notes:

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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.