Carney speech: UK economic activity has picked up sharply since election

Following the Bank of England's decision to keep its policy rate unchanged at 0.75%, Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference.

Key quotes

"Question for the MPC is whether 2020 is starting with a bang."

"Survey data suggest UK economic activity has picked up sharply since election."

"It is early days, less a case of 'so far, so good', than 'so far, good enough'."

"Though global growth is picking up, caution is warranted."

About Mark Carney 

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.