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Carney Signals Bank of England Rate Can Stay Low as China Drags (News 05/11/15)
“Monetary policy must continue to balance two fundamental forces -– domestic strength and foreign weakness,” the Bank of England governor said at a press conference in London on Thursday. “The outlook for global growth has weakened since August. Many emerging-market economies have slowed markedly this year, and the committee has downgraded its assessment of their medium-term growth prospects.”
Source:: Carney Signals Bank of England Rate Can Stay Low as China Drags (News 05/11/15)