Carney’s speech: ‘Plans are in place for all Brexit scenarios’

The BOE Governor Mark Carney is on the wires now, via Reuters, addressing the press conference about the Financial Stability Report, in London.

Key Headlines:

Potential risks to finanicial stability associated with range of possible Brexit outcomes

Consumer credit has far outpaced household income over last year

Lenders are more vulnerable

Counter-cyclical capital buffer increase will bolster resilience

Plans are in place for ‘all Brexit scenarios’

FPC raising CCYB along with MPC action supports UK economy during period of heightened uncertainty

Consumer credit growth has far outpaced incomes over the past year