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16.12.2014 19:25

United Kingdom: Bank of England Governor Mark Carney: Rout in emerging markets pose risk to core markets

In his speech today Bank of England Governor Mark Carney said that the fall in oil prices was positive for Britain's economy but it's impact on inflation has to be monitored by the bank. He further stated that the selloff in the emerging markets could have a negative impact in on growth in core markets. The weakening global economic outlook poses a threat to U.K.'s financial stability.

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