BoE's Carney: Wrong to say central banks out of monetary ammunition

BoE's Governor Carney continues to cross the wires, from the G20 meeting in Shanghai, noting that is wrong to say central banks out of monetary ammunition.

Key headlines

Global economy risks becoming trapped in low-growth, low-inflation, low-interest rate equilibrium

Timid structural reforms reflected in sizeable downside risks which are plaguing global outlook

Weak global outlook appears to have been underlying cause of recent market turbulence

Without improvement in fundamentals, real valuations of assets boosted by QE will fall back
Limits to what negative interest rates can do to boost