Carney: We don't see big imbalances in economy that would normally precipitate slowdown

Author: Adam Button | Category: News

Comments from the BOE leader

  • BOE has the tools to deal with economic slowdown
  • Economies have the fiscal space to deal with recession but it's not unlimited
  • We are getting close to a global liquidity trap
Carney doesn't have a great track record as a foreaster. The comment about the liquidity trap is an interesting one. It's a situation where rates are so low that cash and debt are virtually at par, so rather than buying bonds, people hold cash.

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