HIGHLIGHTS-Bank of Canada's Carney speaks in Ottawa

Wed Jan 23, 2013 12:19pm EST
 
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Jan 23 (Reuters) - Below are key quotes from an appearance by Bank of Canada Governor Mark Carney and Senior Deputy Governor Tiff Macklem:

CARNEY ON POSSIBILITY OF A GLOBAL CURRENCY WAR

"It does not exist yet and we hope there won't be such a currency war ... there are no interventions ... for the Group of Seven nations there is that risk but this war does not exist yet. We have options, like all the central banks, but the Bank of Canada will be guided by the flexible inflation targeting framework that exists here."

CARNEY ON THE HIGH LEVEL OF CANADIAN HOUSEHOLD DEBT

"We are keeping our guard up ... at this moment there are encouraging signs as regards imbalances in the household sector, that is clear. But the level of household debt remains a worry. But the first part of tackling the situation is stabilizing the debt load ... The situation in Canada right now is a bit different compared to the situation that existed in the United States before the crisis. There is a big difference between the two because the quality of the lenders here in Canada are much higher than in the United States and the ratio of the debt is much lower here."

CARNEY ON BANK OF ENGLAND POLICY AND COOPERATION:   Continued...