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Mark Carney is the governor of the Bank of England, the UK’s equivalent of the Federal Reserve in the U.S. He is speaking at the Economic Club of New York. (if you want to make money in the financial market use our forex automated trading software)
Like his American counterparts, Carney believes a prescription of slow but steady interest rate increases is best for the nation’s growth prospects as the UK prepares to leave the euro zone next year. The BOE also is looking to foster inflation around 2 percent.
The bank’s current policy rate is at 0.75 percent.
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