BoE's Carney Says Slowdown In Eurozone Not To Dictate Monetary Policy

(RTTNews) - The slowdown in the euro area does not dictate the monetary policy of the Bank of England, Governor Mark Carney said in an interview with the U.S. news channel CNN.

"The only difficulty that is caused by Europe is that it provides an additional drag on growth," he said. "But that doesn't dictate the monetary policy of the Bank of England."

Carney said the U.K. recovery has been driven primarily by domestic factors. The bank will monitor domestic inflationary pressure and not just what is happening internationally, he added.

Carney said the weakness in the euro area had been a major topic at the International Monetary Fund meetings in Washington.