BoE Carney: Global economy is headed for a liquidity trap – FT

Ross J Burland FXStreet

The Bank of England governor, Marck Carney, is quoted by the Finacial Times as saying that the BoE successor still have monetary policy tools, but the global economy is headed for a liquidity trap.

Key notes

The BoE can still cut rates close to zero.
Warns central banks low on ammunition to fight recessions.
Central banks low on ammunition to fight recessions, warns Mark Carney.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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