Bank of England's Carney speaks in UK parliament

Bank of England Governor Mark Carney and other BoE policymakers 
are speaking to the Treasury Committee in Britain's parliament.

Below are comments from the hearing:

EURO ZONE CHALLENGES

It's "a serious issues, it's our largest trading partner, our 
largest investment destination".

GREECE

"If there were to be a disorderly exit of Greece we would expect 
that this would have ramifications for asset prices more broadly 
and potentially for confidence, and that those improvements in 
the institutional structure in the Euro area would need to be used 
to reduce that."

INFLATION

"In the medium term the expectations are for positive inflation. 
The conclusion of the committee is that those expectations are 
broadly consistent with the 2 percent inflation target."

INFLATION TARGET

"We will do our job, our job at the MPC which is to bring inflation 
back to the 2 percent inflation target, (and) we will do so on 
reasonable horizon.

"Given the nature of the shocks that are hitting the economy at present, 
that horizon should be within the next two years."

WAGES

"The MPC will conduct policy in order to bring inflation back to target, 
probably within two years, and that that should inform people, particularly 
as they are forming judgements about appropriate wages."

ON EU INSTITUTIONS WANTING HIM TO FLAG FISCAL RISK SHARING?

"The short answer is yes ... I received no comment to the contrary from 
European authorities."

ONE-OFF SHOCKS TO INFLATION

"We have the ability, as you know, to look through deviations from target, 
whether above or below."