Carney: Long-Term Interest Rates Will Rise Notably This Decade
Mark Carney · 20VC: Former Governor of the Bank of England, Mark Carney on Why "Only the Niche Will Survive" in Crypto, How Governments and Central Banks Retain Control in a World of Decentralised Finance & The Winners and Losers in Crypto Exchanges and NFTs · Jan 10, 2022 · at 33:54
Mark Carney is the former Governor of the Bank of England. He discusses macroeconomics and his shift in perspective regarding the decade's interest rate outlook.
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“I believe that very central banker-y answer, but I believe long-term interest rates are going to rise, notably this decade. I long felt that we were in a low for long, and I felt that for a long time. I was right about it for a long time. Now I feel that there's structural forces that are going to push them, most notably the scale of investment to address climate change.”
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