BoE votes 7-2 to maintain rates at 0.75% citing positive survey data for not cutting
BoE believes in last three months 2019 economy did not grow - 0%, and first three months 2020 heading for just 0.2%... average quarterly GDP growth in 2019 0.2%, while not recession, poor even by sluggish recent standards... shrinking business investment since EUref cited by BoE: 
Last monetary policy press conference for Governor Mark Carney begins...
“Political developments have been significant...on balance early indications that conditions for UK recovery on track... - global easing trade tensions &
- domestic indicators of uncertainty have fallen, eg 45% not 55% of survey respondents citing Brexit uncertainty” says Carney
- domestic indicators of uncertainty have fallen, eg 45% not 55% of survey respondents citing Brexit uncertainty” says Carney
“These are still early days, less a case of so far so good... emerging threat of corona virus... UK recovery not assured,” he says...
“UK is entering a decade of profound structural change”
- trading arrangements
-immigration
- infrastructure...
BoE will have to assess, Carney says. (Though that won’t be him)
- trading arrangements
-immigration
- infrastructure...
BoE will have to assess, Carney says. (Though that won’t be him)
Transition to low carbon economy too, he says...
“I don’t have a regret on monetary policy” says Governor Carney when asked by Guardian’s Larry Elliott to reflect back on any during his tenure at the Bank of England... elsewhere?
