Carney speech: No deal, no transition Brexit is not the most likely scenario

Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below.

• No deal, no transition Brexit is not the most likely scenario.
• No deal Brexit would give a "potentially fairly large" hit to supply.
• Hit to supply would be more rapid than advanced economies are accustomed to.

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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.