BOE governor Carney still testifying to the TSC 12 July 2016
– low bond yields reflect hedging of downside risks not necessarily 30 years of stagnation
– danger for financial stability is that fundamentals will reassert themselves on slope and level of UK bond yield curve
Carney speaking in upbeat terms about longer term prospects for UK economy.
More from Carney: Very low bond yields do not give an accurate signal of future for UK economy
