BoE's Carney Says Major Central Banks Have Limited Room To Combat Downturn

Major central banks are going to find difficult to combat an economic downturn as they are running out of monetary policy tools, Bank of England Governor Mark Carney said in an interview with the Financial Times.

"It's generally true that there's much less ammunition for all the major central banks than they previously had and I'm of the opinion that this situation will persist for some time," the outgoing governor warmed.

by RTTNews Staff Writer

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