Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

MPs accuse Carney of 'acting like an unreliable boyfriend'

MPs accuse Carney of 'acting like an unreliable boyfriend'

Sterling slipped back below $1.70 this morning after the Treasury Select Committee of MPs accused Bank of England governor Mark Carney of acting like an ‘unreliable boyfriend’.

Labour MP Pat McFadden made the claim over what TSC members said were a series of mixed messages issued by Carney and other Monetary Policy Committee (MPC) members on interest rates.

While recent editions of the MPC’s minutes have shown unanimous support for maintaining rates at current lows, individual members, including Carney, appear to have concerns about complacency on public expectations on the timetable for a possible increase.

TSC chair Andrew Tyrie said Carney ‘was giving a lot of guidance’ but ‘not all of it pointing in the same direction’.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter