Carney – Brexit could weaken Pound and push up inflation

Bank of England’s Carney, while addressing questions from Treasury Select Committee, said Pound could fall and lead to rise in inflation if Britons vote in favor of Brexit.

Regarding inflation, Carney added they can achieve inflation target over time regardless of being in or out of EU. Carney reiterated that it is not the BOE remit to provide a comprehensive analysis. Not forming a view on the economic implications of leaving the EU.