The TSC testimony continues in frosty fashion
- it's welcome that the EU deal reinforces principle that discrimination, including on grounds of ccy, is not permitted in EU
- EU deal may improve stability of banking union helping financial stability in UK
Carney currently being grilled on any talks he may have had with PM and fin min. Very guarded replies
- any conversations with Cameron and Osborne nothing that isn't in the public domain
Difficult to think that the Gibberish Twins wouldn't have tried to lean on the BOE to endorse their Remain campaign.
TSC member Rees-Mogg has mooted that it seems " beneath the dignity of the BOE" for it to make "speculative comments" about benefits of EU membership. Carney comes back fighting.
Fascinating session/contest if not exactly a market mover yet.