Bank of England governor Mark Carney points to shadow banking in emerging markets as the greatest danger to the world economy.
LONDON: Don’t expect a quiet summer break. The stage is set for an exciting Bank of England meeting in August.
Just one week after he said it’s not yet time to increase interest rates, governor Mark Carney on Wednesday shifted his emphasis, saying that policy makers may need to begin raising them and will debate it in the coming months.
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