In Case You Missed It: Baltimore Running Festival photos

Topics

CNBC (tv network)
Bank of England's Carney says euro zone weakness will not dictate policy

LONDON (Reuters) - Euro zone weakness will be only one factor that helps to determine when the Bank of England raises interest rates, Governor Mark Carney said in media interviews broadcast on Monday. Carney told U.S. news channel CNN that weakness in the euro zone and elsewhere had been a major theme at the International Monetary Fund's meetings in Washington last week. But Britain's recovery had been driven primarily by domestic factors. "The only difficulty that is caused by Europe is that it provides an additional drag on growth. But that doesn't dictate the monetary policy of the Bank of England," he said. Financial markets have recently pushed back their...

Loading