The BoE (Bank of England) governor, Mark Carney testified on the financial stability report before the Treasury Select Committee in London earlier. The Telegraph reports that he was grilled by MPs on various issues.
The main points by Carney include:
- Falling oil prices are positive for the UK economy but a negative shock for Scotland.
- The ECB has tools to raise inflation and should use them.
- The UK`s falling prices is not the same as the low inflation of the eurozone.
In addition, the low oil prices are increasing the prospect of default in some emerging markets but he refuses to name them. "I don`t want to put the knife in.", he adds.
No comments:
Post a Comment