BoE's Carney: PM May's policies may raise equilibrium interest rate for UK

More headlines from BoE Governor Mark Carney's testimony at the House of Lords are crossing the wires, as he's saying that doesn't think UK Prime Minister Theresa May was asking for a change in monetary policy.

Key quotes (via Reuters):

  • Equilibrium interest rates have fallen quite sharply over past decade
  • We fully understand, if not necessarily welcome, criticism of how we do our job

BoE's Carney: Monetary policy has in many respects been overburdened

During a testimony at House of Lords, Bank of England's Governor Mark Carney stated that monetary policy has, in many respects, been overburdened....
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