He was asked about whether Britain's current account deficit, the difference between the amount Britain imports and exports, will pose more of a risk to the economy if Britain leaves the European Union.
He told MPs: "First, the general global environment has become much more febrile, much more volatile.
"Relying on the kindness of strangers is not optimal in that type of environment, and that’s what is the case when you’re running a 4-4.5 per cent current account deficit.
"And secondly, the possibility of a risk premium being attached to UK assets because of certain developments exists. And that plays into the riskiness of the situation."
Source: http://telegraph.feedsportal.com/c/32726/f/579309/s/4d22f2ff/sc/25/l/0L0Stelegraph0O0Cnews0Cnewstopics0Ceureferendum0C121227180CBank0Eof0EEngland0EBrexit0Eposes0Erisk0Eto0Eeconomic0Estability0Bhtml/story01.htm
Bank of England: Brexit poses risk to economic stability
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1/26/2016
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