Adding to his earlier comments in Davos, the BoE Governor Mark Carney was further noted saying that there’s no magical level of interest rates and that the central bank is trying to return to.
• There’s still stimulus going to the economy, but not much.
• Speed limits of global economies have gone down.
• Better position of household balance sheets, relative to the financial crisis, a reason for confidence that slowdown will not turn into stagnation.
• Leveraged loans are a concern in the financial system.