BOE's Carney hails innovation in central banks around the world

Bank of England Governor Mark Carney said central banks around the world have developed their means of managing crises and economic problems since the global financial crisis.

Carney also praised the improvement in monetary policy tools and their effectiveness in the face of economic shocks and any features of slowing or shrinking economies.

Moreover, the head of the Bank of England believes that innovation has helped boost bank lending and liquidity in the markets.

Carney did not address the Bank of England's monetary policy or talk about the Brexit developments and the extent to which the British economy has been affected by uncertainty around the exit file.