BOE Carney
- Bank capital ratio more than 3 times above pre-crisis
- Brexit it will bring reduced openness of economy
- interest rates will depend on supply, demand, FX rate
- UK banks could keep lending through disorderly Brexit
- Says a disorderly Brexit is an unlikely event
- UK is not fully ready for a cliff–edge Brexit
- monetary policy can do little to offset potentially significant hits to productivity that Brexit could entail
Carney is speaking to reporters during a press conference after FSR.
