BOE’s Carney says global risks are material and increasing

BOE governor Mark Carney presents the central bank’s financial stability review

  • Global trade tensions have intensified
  • Global risks could crystallise longstanding risks of a snap back in interest rates
  • UK consumer, company debt-service burdens are low
  • Banks’ capital has risen, can withstand a Brexit shock
  • Rising protectionist sentiment could sap strength of global economy
  • Mitigating cliff-edge Brexit risks to financial system also rely on efforts from EU

I don’t expect Carney to touch on monetary policy in his speech here as it pertains mostly to financial stability, the banking system and financial risks. But I’ll update further if there is anything significant pointed out by the main man himself.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.