• BoE's Carney says will soon find out if Brexit is a "gentle stroll along a smooth path to a land of cake and consumption"

Market news

20 June 2017

BoE's Carney says will soon find out if Brexit is a "gentle stroll along a smooth path to a land of cake and consumption"

  • Extent to which UK current account deficit has moved closer to sustainability remains an open question, hinges on Brexit talks

  • Higher global growth needs new approach to trade policy, Brexit will be key test

  • Firms may soon need to activate brexit contingency plans, depending on if and how soon transition deal reached

  • "Anaemic" wage growth and mixed signals on consumer spending and business investment mean now is not time to raise rates

  • Monetary policy cannot prevent weaker real income growth likely to accompany Brexit transition

  • Bank of England obliged to balance trade-off between lowering inflation and supporting growth "in such exceptional circumstances"

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