Carney: it’s going to be more than ‘open mouth operations’
As Mark Carney starts his new job as Bank of England governor – will he push for extra stimulus to boost the economy – or allow himself to be outvoted?
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Exclusive: Bank of England Governor Mark Carney’s first major TV interview.
Britain’s state-backed banks are braced for a flood of interest in the help to buy scheme. But MPs warn the Bank of England should have more powers to intervene.
Chancellor George Osborne gives new powers to the Bank of England to monitor the government’s help to buy scheme following criticism that it risks creating a housing boom and bust.
The new governor of the Bank of England tells a business audience that interest rates are unlikely to rise in the next few years, but action could be taken to prevent a house price boom.
The new Bank of England governor’s pledge to keep interest rates low until unemployment falls is a big innovation – and a signal to the British public to spend, writes Economics Editor Faisal Islam.
In his first major move since taking the helm at the Bank of England, new governor Mark Carney announces that interest rates will not be increased until unemployment drops below seven per cent.
Mark Carney tells Channel 4 News the Bank of England has sympathy for suffering savers, as he announces interest rates will be kept at record lows for years to come to help the economic recovery.
After a three month campaign to keep women on Britain’s banknotes, the Bank of England says Jane Austen will be the face of the next £10 notes – and its selection process is under review.
As Mark Carney starts his new job as Bank of England governor – will he push for extra stimulus to boost the economy – or allow himself to be outvoted?
Mark Carney, the incoming governor of the Bank of England, is widely praised. So how good a job has he done in his five years in charge of Canada’s central bank?
The problem with the Bank of England’s quarterly inflation report – presented for the last time this week by Sir Mervyn King – is that it feeds the idea that the governor has all the answers.
The Office of National Statistics reports a budget surplus of £11.4bn, boosted by tax receipts and the first payment of interest from the Bank of England’s quantitative easing program.
After some less than cheery figures showing a slight fall in hourly wages in the past decade, the departing Bank of England governor heaps more pressure on David Cameron.
The governor of the Bank of England, Sir Mervyn King, says the economy is recovering but inflation will be higher than previously forecast.
With the words “flexible inflation target” peppering his Treasury select committee hearing, new Bank of England Governor Mark Carney clearly wants to do more to help Britain’s contracting economy.