Speaking about business intentions

  • In general, firms that have green lighted projects that involve EU are going ahead

  • There could be a significant amount of pent up investment demand that will be released when UK ties with EU become clearer

  • BOE will calibrate policy appropriately ahead of Brexit

  • Won't comment on specific market rate expectations

In another non-hawkish comment he says that at the moment, the only way rates would rise is if reality doesn't match their forecasts.