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Eversheds comment: Carney makes warning noises on restless UK economy

  • United Kingdom

    15-07-2014

    Commenting on Mark Carney's appearance in front of the Treasury Select Committee, Bruce Dear, head of London real estate at law firm Eversheds, says:

    "Like a restless baby, the economy is making conflicting noises. Does it need another dose of low rates and QE? Or is it ready to toddle alone?

    "Carney has a good nursemaid's ear. At Bank of Canada, he cut rates whilst banks were raising theirs.

    "His testimony shows that for now he will try to quieten the economy with the warning words of forward guidance - not with dramatic interventions."

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