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Carney Warns G-20 Against `Zero Sum Game' of Negative Rates

  • Countries shouldn't export problems via weaker currencies
  • BOE Governor tells G-20 in Shanghai there is `no free lunch'
Mark Carney.

Mark Carney.

Photographer: Luke MacGregor/Bloomberg
Scott Hamilton and Svenja O'Donnell
Updated on

Mark Carney warned his colleagues at major central banks against getting embroiled in a currency war by pushing interest rates too low, saying targeting weaker exchange rates only causes problems for the world economy.

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