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BOE'S Carney: Some Removal Of Stimulus May Become Necessary If Economy Improves
Turning hawkish: BOE'S CARNEY: SOME REMOVAL OF STIMULUS MAY BECOME NECESSARY IF ECONOMY IMPROVES
— zerohedge (@zerohedge) June 28, 2017
Added at 9:38am
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Carney: Policy Panel: Investment and growth in advanced economies
The experience of business investment in the UK since the onset of the financial crisis broadly matches that elsewhere in the advanced world – a sharp fall followed by a feeble recovery (Chart 1). Peak to trough, the level of UK business investment fell by 20%, and it was six years before it surpassed its pre-crisis level, putting the recent experience at the bottom of the swathe of past UK cycles (Chart 2). In my brief remarks today, I will offer some possible explanations for this performance before concluding with comments on the outlooks for UK investment and monetary policy. I. Investment since the crisis In ... (full story)
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