Economics
Carney Shuns Negative Rate Path That Peers Are ‘Wrong’ to Take
- Major central banks now split on suitability of negative rates
- BOE governor sees policy as damaging for banks, savers
Will Carney's Stimulus Package Deliver Long Term Gains?
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Mark Carney has looked at the road his most adventurous -- or desperate -- peers have taken, and decided it’s not for him.
While unveiling a multi-pronged stimulus package aimed at staving off a post-Brexit U.K. slump on Thursday, the Bank of England governor also drew a line splitting the world into monetary jurisdictions that will cut interest rates below zero, and those that won’t.