Car­ney calls for in­clu­sive growth

China Daily (Hong Kong) - - BUSINESS -

Mark Car­ney, gover­nor of the Bank of Eng­land, has called on fel­low cen­tral bankers across the world to pur­sue poli­cies to cre­ate more in­clu­sive growth. The deep­en­ing of the re­la­tion­ship be­tween global mar­kets and tech­no­log­i­cal progress has lifted more than a bil­lion peo­ple out of poverty, he said in his ad­dress to Liver­pool au­di­ence on Mon­day. Gover­nor of the BOE since 2013, Car­ney said that since 1960, real per capita GDP had risen by two-and-a-half times, and that life ex­pectancy had risen by an av­er­age two decades. But he warned “de­spite such im­mense progress, many cit­i­zens in ad­vanced economies are fac­ing height­ened uncer­tainty, lament­ing a loss of con­trol and los­ing trust in the sys­tem”.

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