Carney speech: UK has large and persistent pass through to inflation of moves in exchange rate

Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below.

• PM May's Chequers plan would be better than BoE's average forecast for Brexit deal.
• We expect UK growth to slow below potential in Q4.
• UK has large and persistent pass through to inflation of moves in exchange rate.

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About Mark Carney 

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.