Remarks by BOE governor, Mark Carney, via Central Baking magazine
- Not a big fan of changing the 2% inflation target
The interview was conducted on 1 August after the release of the central bank's inflation report. It's important to clarify that he mentions "at this stage" so that doesn't really rule out the central bank from leaning towards rate cuts moving forward.
But they have their hands very much tied at the moment due to Brexit uncertainty, so I guess he can't really give a firm view on that.
He also touches a bit on Brexit risk to European derivatives being unresolved in the aftermath, noting that he would like European authorities to address the seriousness of that risk more clearly. The full interview can be found here (may be gated).
