The BoE Gov Carney Speaks

The BoE Gov Carney Speaks

The Bank of England independence has given it the tools to help deal with the financial crisis and Brexit, but does not make it an all-powerful institution that can solve everything, according to Governor Mark Carney.

Speaking at a conference in London to celebrate two decades of the BOE autonomously setting interest rates, Carney warned against confusing “independence with omnipotence.” He said that while monetary policy could respond to the risks related to the exit from the European Union, most of the adjustments are not in “the gift of central bankers.”

28 Sep 17 (Thu)

09:04 am



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