The Bank’s Monetary Policy Committee (MPC) today held interest rates at 0.25 per cent as it revealed ramped-up inflation and near-term growth forecasts.
The new inflation report was published hours after a High Court judge ruled that the Brexit process cannot be started until Parliament has given the move its backing.
Asked about this ruling – which the government intends to appeal – Carney said: “It is an example of the uncertainty that characterises this process.”
Speaking at a press conference after the publication of the inflation report, Carney added: “The negotiations themselves haven’t even yet begun.
“There will be uncertainty, there will be volatility around those negotiations as they proceed, and I would view this as one of the symptoms – of one example – of that uncertainty.”
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