BoE's Governor Carney: We can cut rates close to but slightly above zero if needed

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15 October 2019

BoE's Governor Carney: We can cut rates close to but slightly above zero if needed

We are likely to continue to stay in a low-interest-rate environment
Banks in the United Kingdom have enough capital to deal with a no-deal Brexit and an intensified trade war between the United States and China
Rate cuts will be passed on to households via banking system

China wants U.S. to remove tariffs to reach $50 bln in imports of U.S. agricultural goods - Bloomberg reports, citing people familiar with the matter

Chinese economy seen expanding 5.9% in 2020 – UOB

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