UK: Focus on Carney today – BBH

Research Team at BBH, notes that the Bank of England Governor Carney was criticized by many government officials that favored the UK leaving the EU. 

Key Quotes

“However, Prime Minister May seemed to join the fracas by publicly being critical of the easier monetary policy.  Today he appears before the House of Lords, many of which claim that the BOE misjudged the fallout from Brexit.  Although Carney is thought to be ambitious (swapped heading the Bank of Canada for heading up the Bank of England, and some suspect a political future, his intentions are not clear. 

When he took the post three years ago, the idea was that he would leave in 2018, but more recently the talk was he was amenable to a full eight-year term, which would keep him at the helm of the BOE through 2021.  He has reportedly indicated he will announce his plans before the end of the year.”