BOE’s Kohn says situation with Greece and Eurozone is “risky”

• expects Greece and Eurozone to make an agreement though
• UK’s financial exposure to Greece is “small”
• downside risks to the global economy “abound”

Former US Fed vice chairman, Donald Kohn, now with the Bank of England FPC since 2011, in front of a parliamentary committee

• BOE MPC keeping rates low for long may affect search for yield and have financial stability implications

Kohn – Sees plenty of risks to global economy