Central Banks

BOE's Mark Carney on monetary policy, elections and Brexit

Mark Carney, governor of the Bank of England, gave a press conference in London following a routine monetary policy meeting at which it was decided to keep interest rates on hold at 0.25 percent.

With the U.K.'s snap election in June looming and amid ongoing uncertainty as to how Brexit will affect the U.K. economy, Carney discussed how his monetary policy decisions are intended to weather potential storms.

He also spoke about the U.K.'s pressured labor market and how automation could impact jobs in the future.


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