(Bloomberg) — Mark Carney pledged to shore up financial stability as he warned that the risks from Britain's shock decision to leave the European Union have started to crystallize.

"There is the prospect of a material slowing of the economy," the Bank of England governor said at a press briefing in London on Tuesday, after the central bank published its semi-annual Financial Stability Report. "The number of vulnerable households could increase due to a tougher economic outlook."

Carney's third appearance in the 12 days since the U.K. vote highlights his role as a beacon of stability as political infighting heightens the uncertainty of how the country will now proceed and what the economic fallout will be. The governor has already pledged to make sure banks have access to all the liquidity they need, and signaled rate cuts could be in the offing this summer.

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