[... ] How exit negotiations proceed and the extent of any transition -- two big unknowns at this point -- will impact the pound and bonds, supply and demand and, of course, inflation, Governor Mark Carney said in Frankfurt on Tuesday.
Echoing his remarks from the BOE’s Nov. 2 policy press conference, he said the U.K. is in “exceptional circumstances” because of Brexit and real incomes have taken a hit. But the central bank can only support the economy so much in light of the inflation overshoot, hence the interest-rate increase this month.
He also said future moves aren’t set in stone, and it all hangs on how the Brexit talks -- already up against a December deadline -- progress. [...]
Carney said he’s very much in favor of a Brexit transition deal to allow a smooth path for businesses and consumers. It would make his job easier, too, he said half-jokingly. [...]
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