Bank of England boss Mark Carney said it was his job to "come straight with the British people" over the risks of a Brexit vote.
In a heated exchange with MPs, he denied accusations of being politically involved and of colluding with Chancellor George Osborne.
Mr Carney insisted the Bank was "apolitical" and had a responsibility to warn the wider public about the economic risks of a Brexit.
"It's important not just to those in financial markets but it's important to come straight with the British people about that," he said.
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