Bank Of England's Carney 'absolutely Comfortable' With Launching Stimulus Efforts

By Markets MarketWatch Pulse

Bank of England Governor Mark Carney on Wednesday defended the central bank's decision to launch stimulus efforts in the wake of the Brexit vote. "I absolutely feel comfortable in the decision that I supported and the committee took in August to supply monetary policy stimulus," he told members of the Treasury Select Committee in London. A recent round of U.K. economic data have come in stronger than anticipated, raising questions about whether the bank acted too quickly and aggressively in easing monetary policy. Carney also said the risk of recession for the British economy has been reduced compared with before the June 23 referendum in which the majority of U.K. voters showed support for the country leaving the European Union.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.