Carney Says Cheap Oil Mixed Results for UK During MP Questions

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.

via Telegraph

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza