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.
Your Business: Cover Star Club

Profile: The Brewin & Barclays alum bringing the City to Brighton

Profile: The Brewin & Barclays alum bringing the City to Brighton

Stepping away from the corporate world was a big step for David Pegler and Tim O’Connor when they founded Brighton Capital Management

Wealth Manager on Twitter