Carney speech: Global trade imbalances will not be solved by new goods trade agreements

Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below.

“We want to continue to work to address financial market fragmentation at G20 and G7 forums.”

“Global trade imbalances will not be solved by new goods trade agreements. Countries with large trade deficits have a comparative advantage on services, such as the US and the UK.” 

“As Brexit uncertainty lifts, UK neutral interest rate would rise, this is not a factor affecting the Fed or the ECB policy.”

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