BoE Gov Carney: The possibility of a no deal Brexit is uncomfortably high

Speaking to BBC Radio this Friday, the BoE Governor Mark Carney was noted saying that weak productivity is a big part of the economic puzzle. 

Key quotes:

   •  Market expectation for rates moving to 1.5% over the next few years isn't a bad rule of thumb.
   •  We are not raising rates to give a cushion if we need to cut rates again.
   •  RBS results are another sign that we're moving beyond the financial crisis.
   •  The possibility of a no deal Brexit is uncomfortably high.
   •  No deal Brexit would likely mean higher prices for a period of time.