BoE's Carney: MPC doesn't have a forecast for no deal Brexit

Mark Carney, Governor of the Bank of England, is now delivering his remarks before the Parliament's Treasury Select Committee with key quotes found below.

• MPC doesn't have a forecast for no deal Brexit.
• There are some advantages to run succession process once candidates know exact form of Brexit.
• Brexit negotiations are getting to a critical stage, there is a wide range of potential outcomes.
• The economy is operating as if there will be some form of Brexit transition deal.
• Less than 20% of firms are putting in contingencies for a no-deal Brexit.