Bank of England governor Mark Carney defends leaving interest rates on hold again – business live

Britain’s central bank has left borrowing costs unchanged, and predicted that the slowdown in economic growth this year is temporary

And finally…

Q: The Office for National Statistics has just lowered its estimate of the UK trade deficit by a quarter – so how reliable is Britain’s data, and does it mean that the UK is still ‘reliant on the kindness of strangers’ [an old Carney quote]

Q: What impact would a hard Brexit have on the Bank’s economic forecasts?

Mark Carney replies that a hard Brexit would prompt a change the Bank’s forecasts. But such a scenario it’s not currently included in its economic projections, which are based on a ‘transition deal’ being agreed and implemented.

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