Into the Q&A
Monetary policy is more nimble than fiscal policy
BOE can lower rates further if needed
If we hadn't taken the steps today output would have been lower
Central forecasts show a period of modest growth
As I mentioned in my prior post, he's laying it on about future action. That's going to keep the pound firmly looking down. 1.3112 is the latest low and into support ahead of 1.3100.
UK is in a period of uncertainty
As a supervisor of banks, the BOE can make sure the transmission of policy works
Households and firms should not face the same credit constraints they did in 2008-2012
Savings returns are likely to be low for some time (i.e suck it up suckers)
Carney show's who's in charge