Aug
30
Carney Says BOE Interest-Rate Path Can Withstand China Turmoil
ByBank of England Governor Mark Carney said officials can ignore the deflationary impact from lower oil prices and China’s slowdown and signaled that early 2016 remains a possible starting point for interest-rate increases.
Speaking in Jackson Hole, Wyoming, Carney also said that any downside global risks must be weighed against the strength of the domestic economy. Since the Monetary Policy Committee published forecasts this month showing the U.K.’s bout of low inflation would soon end, China’s stock-market turmoil triggered an $8 trillion sell-off in global equity markets by raising concerns about the slowdown in the world’s second largest economy…
Carney Says BOE Interest-Rate Path Can Withstand China Turmoil
