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Carney - low global nominal growth environment creates challenges

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Bank of England’s (BOE) Carney, while speaking at the Financial Stability plenary session in Tokyo, said low global nominal growth environment creates challenges.

    Carney added further that low growth problem cannot be cured by monetary policy alone.

    Key quotes

    Effective macro-prudential policies can help tackle domestic financial stability vulnerabilities that may be exaggerated by volatile capital flows

    Banks continue to face range of challenges to profitability

    Plenary session discussed financial vulnerabilities vs backdrop of weakening economic outlook, low price pressure and high debt levels
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