Carney Says QE Can Encourage Excessive Risk-Taking in Markets
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Bank of England Governor Mark Carney warned easy monetary policy could prompt excessive risk-taking in financial markets.
Two days after the European Central Bank announced a 1.1 trillion-euro ($1.23 trillion) quantitative-easing program, Carney said six years of sustained monetary stimulus was justified on an economic basis, yet could carry a downside if it overheated markets.