Bank of England governor Mark Carney illustrates Brexit risks

As expected, the May meeting of the Bank of England’s Monetary Policy Committee (MPC) last week concluded with no changes to policy.

The decision to leave the key interest rate unchanged, at 0.5%, was once again unanimous.

However, the minutes of the meeting and subsequent press conference by BoE governor Mark Carney showed that there are concerns in the BoE about the risks to the economic outlook from the upcoming referendum in the UK on EU membership.