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Bank of England's Carney says ECB steps 'absolutely necessary' for prosperity

Published 23/01/2015, 09:24
© Reuters. Carney, Governor of the Bank of England, gestures during the session 'The BBC World Debate: A Richer World, but for Whom?' in the Swiss mountain resort of Davos

DAVOS, Switzerland (Reuters) - The bond-buying plan unveiled by the European Central Bank (ECB) on Thursday has laid the foundations for more prosperity in Europe, Bank of England chief Mark Carney said.

"I welcome the steps that the ECB took yesterday," Carney told a panel at the World Economic Forum in Davos, Switzerland.

© Reuters. Carney, Governor of the Bank of England, gestures during the session 'The BBC World Debate: A Richer World, but for Whom?' in the Swiss mountain resort of Davos

"(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."

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