UPDATE 1-Central banks might struggle to fight deep downturn-Carney
Bank of England Governor Mark
Carney said central banks might not be able to fight off a sharp
economic downturn because their monetary policy arsenals are
still depleted from the global financial crisis a decade ago,
the Financial Times reported.
“It’s generally true that there’s much less ammunition for
all the major central banks than they previously had and I’m of
the opinion that this situation will persist for some time,”
Carney told the newspaper in an interview
Carney said central banks might not be able to fight off a sharp
economic downturn because their monetary policy arsenals are
still depleted from the global financial crisis a decade ago,
the Financial Times reported.
“It’s generally true that there’s much less ammunition for
all the major central banks than they previously had and I’m of
the opinion that this situation will persist for some time,”
Carney told the newspaper in an interview
Posted by Reuters
