Carney: UK Treasury analysis is only valuable for a sense of direction

Carney answering questions

• UK Treasury analysis (and others) is only valuable for a sense of direction and order of magnitude of the impact of an exit

Slightly sweeping Osborne's research paper into the bin

• Analytical frame work of Treasury report is a sound one and the underlying economics is consistent with the BOE's assessment
• Will not provide running commentary on the Treasury report or others
• We will have to address the ramifications surrounding the vote