BOE's Carney: Brexit remains the biggest source of uncertainty

The BOE Governor Mark Carney, while testify on inflation and the economic outlook before Parliament's Treasury Committee, said that I do not give guidance on a specific interest rate path, except in exceptional circumstances

   •  We are not in exceptional circumstances now
   •  Trade-off between growth and inflation has diminished
   •  Horizon to bring inflation back to target has moved in from 3 years but not yet 2 years in MPC's collective view
   •  Biggest influence on, and source of uncertainty about, the economic outlook remains Brexit