Carney speech: On average businesses think output will go down by 3.5% after a no-deal Brexit

Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below.

"On average businesses think output will go down by 3.5% after a no-deal Brexit. Until Brexit process is concluded, there will be a chance of no-deal, this is the default option."

"We are in quite a different position to other central banks. The previous close correlation between the UK and the U.S. monetary policy has not held in this cycle."

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