FXstreet.com (Córdoba) – The Bank of England is prepared to provide fresh stimulus into the UK economy if rising interest rates in financial markets threaten the economic recovery, BoE Governor Mark Carney said Wednesday.
Carney defends forward guidance
According to Carney, the MPC will be watching financial conditions closely. “If they tighten, and the recovery seems to be falling short of the strong growth we need, we will consider carefully whether, and how best, to stimulate the recovery further”.
“Our forward guidance was clear that, although we would not reduce the stimulus until the recovery is secure, we would if necessary provide more”, …read more