HIGHLIGHTS-Bank of Canada Governor Mark Carney

Thu Apr 18, 2013 1:06pm EDT
 
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WASHINGTON, April 18 (Reuters) - The following are comments from Bank of Canada Governor Mark Carney, speaking on the global economy and financial reform at a Thomson Reuters Newsmaker event on Thursday in Washington. Carney is scheduled to become governor of the Bank of England on July 1.

Carney is in Washington this week for Group of 20 meetings and the spring meetings of the International Monetary Fund and World Banking.

ON THE FED'S GUIDANCE:

"It helps market participants understand not exactly the timing of adjustment of interest rates but the minimum conditions before the Fed even thinks about adjustment of interest rates."

ON EXIT FROM UNCONVENTIONAL MONETARY POLICY:

"The tools are there. It hasn't been done before so I think there's a need for humility around it and an appropriate caution there.   Continued...