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Business

VERBATIM: Bank of England boss on Brexit

Opening sequence

Opening sequence

Business

VERBATIM: Bank of England boss on Brexit

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COMING UP:VERBATIM: Bank of England boss on Brexit

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Transcript

00:00:00
>>
MUSIC]
00:00:06
So far retail spending in the stock market are up and unemployment has fallen. You yourself predicted that there might be a technical recession. That the bank of England was contributing to a fear in the market about what what happened in the event of Brexit, which is not saying that it is correct.
00:00:27
CROSSTAL
]>> No, we were first response, we were absolutely clear eyed about that risk. That's our job, we're charged by Parliment to do that. The next step is not just to observe risk but is to take steps to address them. We have done that. We have made the crystallization of those risks less likely.
00:00:46
I would add though, that we're in a position, we'll talk about the current economic situation. It is absolutely welcome that there has been a rebound in some of these.