Bank of England Governor Mark Carney welcomes ECB's €1.1tn stimulus

The governor of the Bank of England welcomed the European Central Bank's decision to roll-out a €1.1 trillion (£834bn) stimulus package.

Mark Carney said the quantitative easing "creates conditions for medium term prosperity"

He added that it was important that inflation happened "in the right spot" as it risks hurting "the poor more than anyone else".

He was speaking at the BBC World Debate at the World Economic Forum in Davos, Switzerland.

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