BOE's Carney on Impact of Brexit on Economy, Policy

The MPC's forecast is based on a smooth transition assumption, reflecting UK business and household behavior. The economic outlook is influenced by responses to EU withdrawal developments. Monetary policy focuses on reactions affecting supply-demand balance and exchange rates. British households show resilience, with consumer confidence stable but below pre-referendum levels. Household spending aligns with real incomes, though borrowing and the housing market are subdued. Financial markets, especially sterling, have reacted sharply. Business investment has increased but remains cautious, with sentiment softening due to Brexit uncertainties.

What factors have influenced business investment since the referendum?

What concerns have been reported by businesses in relation to Brexit?