“The new Governor of the Bank of England has signalled that he will put growth at the heart of his approach to the job and is willing to see higher inflation for longer in order to support the economy. Using the US as an example, Mr Carney said economies needed to be allowed to reach an ‘escape velocity’ in which they were out of danger of slipping back into recession. That would suggest keeping interest rates lower for longer while considering further quantitative easing, indirect provision of monetary stimulus via the financial system.”
http://www.telegraph.co.uk/finance/financetopics/davos/9829310/Carney-to-put-growth-top-of-list.html
Related posts:
ECB Said to Consider Minus 0.1 Percent Deposit Rate
Barclays account shutdown raises Somali fears
Bitcoin vault offering insurance is 'world's first'
Russian Stocks Now Cheaper Than Ever as Oil Rout Deepens
Where Congress stands on Syria
Amazon.com gets $252 million tax bill from France
(Sm)art Investing: Rich Move Assets from Banks to Warehouses
If Congress says no, can Obama strike Syria?
Police arrest woman after request to see warrant
Hong Kong protesters back Edward Snowden, denounce allegations of U.S. spying
Fed Williams: QE3 asset purchases may be expanded
Swiss Fort Knox: Bomb-secure Backup
The heavy hand of the IRS seizes innocent Americans’ assets
Former police chief gets probation for multiple drug charges
Have Bitcoin To Burn? Next Stop Could Be The Farm