Speaking about the impact of falling oil prices, Mr Carney says it is good news for England, but bad news for Scotland.
“It is net positive for the UK economy. Negative shock to the Scottish economy which is substantially mitigated by the fiscal arrangements in the UK. By the nature of the economic union.”
Mr Carney says the eurozone has “experienced persistently low inflatoin, rather than deflation, and the best way to analyse the figures is by looking at core inflation figures.”
This has also been below 2pc and causes challenges to the ECB said Mr Carney.
He adds that he agrees with the “orientation” of the ECB and additional stimulus would help Mr Draghi reach his mandate.
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