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23 Jan 2015
ECB's Steps Absolutely Necessary - BOE's Carney
FXStreet (Mumbai) - Bank of England (BOE) Chief Mark Carney acknowledged the ECB’s decision of rolling out a full-scale quantitative easing program yesterday at the World Economic Forum in Davos, Switzerland.
He also added that the steps initiated by the ECB lay prospects for more prosperity in the Euro area.
Key Quotes:
"I welcome the steps that the ECB took yesterday,"
"(They are) absolutely necessary to preserve the prospects of medium-term prosperity in Europe. This doesn't deliver medium-term prosperity; it just creates the conditions for it."
He also added that the steps initiated by the ECB lay prospects for more prosperity in the Euro area.
Key Quotes:
"I welcome the steps that the ECB took yesterday,"
"(They are) absolutely necessary to preserve the prospects of medium-term prosperity in Europe. This doesn't deliver medium-term prosperity; it just creates the conditions for it."