Carney – MPC could cut rates, add to QE if required

BOE’s Carney, during his testimony to lawmakers, said there is considerable available if more economic stimulus is requires.

Carney said the bank could cut interest rates add to QE, shorten policy horizon to return inflation to target level.

Meanwhile, Vlieghe said UK’s current account deficit is still very large, in part a side effect of weaker Eurozone economic performance and the UK may need to run trade surplus for which weaker exchange rate is needed