Carney says 'striking' labour market differences will prompt ‘less synchronised' monetary policy

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Mark Carney

"Striking" differences in the response of US, UK and eurozone labour markets to slow growth will cause monetary policy to become "less synchronised than in recent years", Bank of England (BoE) governor Mark Carney has warned.

"As the recovery in many advanced economies has evolved, central banks are assessing the extent of structural changes in labour markets and are grappling with what they mean for monetary policy. The answer is not uniform," Carney told UK union workers today in Liverpool.

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