The Bank of England (BoE) governor Mark Carney noted in his speech at Financial Times event in Frobisher Hall, the Barbican:

• It's in everyone's interest to find a Brexit solution that works for all in the weeks ahead
• Trade concern is cascading through economies via reduced investment and demand
• Trade uncertainty threatens global expansion
• Provided the expansion continues, a modest tightening of monetary policy over time will likely be sufficient to achieve inflation targets. Policy can remain limited and gradual, as well as data dependent
• Global growth more likely than not to stabilize around new, modest trend
• China is the one major economy in which all major financial imbalances have materially worsened. It may be
• the exception that proves the rule that financial imbalances cause recessions
• Decelerating global economy reflects a shift from accommodative to tighter financial conditions that occurred initially in emerging economies, then in most advanced economies, and finally and sharply in the United States.