Carney Says Greek Crisis Worsened U.K. Stability Outlook: Text

This is the opening statement that Bank of England Governor Mark Carney delivered at a press conference on the institution’s Financial Stability Report in London on Wednesday. The text is unedited and reproduced as published on the BOE website.

The FPC judges that the overall outlook for financial stability was broadly unchanged for much of the period since December. However, as the risks associated with Greece began to crystallise in recent days, the outlook has worsened.