BOE’s Carney says global risks are material and increasing

Global trade tensions have intensified.

Global risks could crystallise longstanding risks of a snap back in interest rates.

UK consumer, company debt-service burdens are low.

Banks’ capital has risen, can withstand a Brexit shock.

Rising protectionist sentiment could sap strength of global economy.

Mitigating cliff-edge Brexit risks to financial system also rely on efforts from EU.

I don’t expect Carney to touch on monetary policy in his speech here as it pertains mostly to financial stability, the banking system and financial risks.

 Trader Aleksandar Kumanov

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