Carney’s speech: UK-EU withdrawal would support UK economy

The Bank of England (BOE) Governor Mark Carney is on the wires now, via Reuters, testifying on the inflation report before the Treasury Select Committee (TSC).

Key Headlines:

Central bank forecasts assume a smooth Brexit transition.

BOE not intending to provide additional analysis of a no-deal Brexit scenario.

MPC will look at a scenario related to the withdrawal agreement.

A withdrawal agreement would support the UK economy.

MPC is working through Brexit scenarios on an accelerated timeline.