Brexit brings inflationary risks, Carney says

Mark Carney
Mark Carney: Brexit represents “a real shock about which monetary policy can do little”
Bank of England

The governor of the Bank of England (BoE) has said Brexit is likely to force the monetary policy committee (MPC) to raise interest rates.

Speaking in Washington at the annual Camdessus Lecture hosted by the International Monetary Fund on September 18, Mark Carney said the UK’s exit from the European Union will likely cause a shift in the Philips Curve.

“This process of de-integration can be expected to steepen the Phillips Curve given disruptions to in-bound value chains from Europe and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.