Carney: 250,000 jobs lost by 2018 if BoE had not acted after Brexit vote
BoE governor defends 2016 action by underlining policy trade-off
Bank of England governor Mark Carney has said about 250,000 jobs could have been lost by 2018, following the UK's vote to leave the European Union, if the monetary policy committee (MPC) had not acted at its meeting in August 2016.
In prepared remarks to be delivered at a lecture hosted by the London School of Economics (LSE) on January 19, Carney evaluated the monetary policy trade-offs that were considered by the committee.
He warned the "tension" between consumers' confidence since the Brexit
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