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-Central bank chief of Canada warns about financial instability.

Global Banking News-November 8, 2010--Central bank chief of Canada warns about financial instability(C)2010 ENPublishing -

Global Banking News - 08 November 2010(c)2005 - Electronic News Publishing -

The chief of the central bank of Canada has warned that instability in the world's monetary systems could lead to bigger problems.

According to Bank of Canada governor Mark Carney, the current situation in the world's monetary systems could destroy trust between major powers.

Carney said, 'The number-one threat, from my perch, is the functioning of the international monetary and financial system. The international monetary system has become an increasingly unstable hybrid system. It's a mixture of fixed and floating currencies that is beginning to foster not just dis-inflationary or deflationary risks in some advanced countries, but inflationary risks in emerging markets.'

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Geographic Code:1CANA
Date:Nov 8, 2010
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