Feb. 7 - The incoming Bank of England Governor, Mark Carney, makes his eagerly-awaited debut in front of UK lawmakers. Rough Cut (no reporter narration).
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(ROUGH CUT - NO REPORTER NARRATION)
He pulled back from rumours he planned to scrap existing inflation targets, saying he was "far from convinced on the merits of moving to nominal GDP targeting".
He made clear that the bench mark for altering existing policy at the Bank of England was "very high", maintaining that flexible inflation targeting remained the best framework.
And also held back when asked about plans to scrap existing inflation targets, saying he was "far from convinced on the merits of moving to nominal GDP targeting".
But he said he'd continue to consider further quantitative easing, though he 'couldn't imagine' supporting 'helicopter money' under any circumstance.
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