Carney Says BOE Will Support Economy No Matter What Brexit Deal

(Bloomberg) -- A Brexit transition deal is in everyone’s interest but the Bank of England will support the economy no matter what the result of the negotiations, Governor Mark Carney says in an ITV television interview.

  • Carney says he extended his term as Governor until 2019 to make sure he was there during the Brexit period
  • Says the U.K. economy has “not done as well as we would have done in the short term if the vote had gone the other way”
  • Carney spoke in interview from Liverpool before BOE’s Future Forum event. The governor is due to speak on a panel this afternoon along with BOE colleagues including fellow MPC members Ben Broadbent, Jon Cunliffe and Dave Ramsden

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