Carney speech: UK fiscal policy is shifting to a more accommodative stance.

Bank of England Governor Mark Carney is now delivering his remarks on the monetary policy outlook in a press conference.

Key quotes (via Reuters)

• UK fiscal policy is shifting to a more accommodative stance.
• UK economy is in process of adjusting to a new and uncertain relationship with EU.
• Expectations of households and businesses are diverging from base case assumption.
• Could be greater than usual short-term volatility in UK data.

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About Mark Carney 

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.