BOE's Carney: Brexit Risks Have Started to Crystallize

The transcript discusses the significant financial risks following a referendum, highlighting concerns about the UK's current account deficit and the impact on sterling. It notes a slowdown in portfolio flows and a potential tightening of credit conditions, particularly in commercial real estate. The uncertainty has delayed major economic decisions, but there are positive aspects, such as support for exporters due to sterling depreciation and a fall in corporate borrowing costs. Financial markets have managed the volatility well.

In what ways has uncertainty about the referendum affected major economic decisions?

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What positive effects of sterling's sharp depreciation on UK exporters are mentioned?

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