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

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