Carney says it's better that UK stays in EU

London

BANK of England (BOE) governor Mark Carney has indicated that the UK financial sector and economy would perform better if the nation remained in the European Union (EU).

In a fractious encounter with members of parliament while he answered questions at a parliamentary hearing, Mr Carney claimed that he and the BOE were neutral in the coming in or out of the EU referendum and did not intend to influence voters.

He maintained, however, that Premier David Cameron's new deal with the EU should help the UK achieve both financial stability and stable inflation. He also said that Britain's membership of the EU had "likely increased the dynamism of the UK economy and correspondingly its ability to grow without gener…