Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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 JP Morgan's Meadon: I'm comforted by M&A activity

JP Morgan's Meadon: I'm comforted by M&A activity

Will Meadon talks about how the events of 2016 have changed his fund.

Play Wealth Manager Conference & Awards 2017: video highlights

Wealth Manager Conference & Awards 2017: video highlights

We bring you the highlights from the Citywire Conference & Awards 2017 celebrating the UK's top wealth managers.

Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Read More
Wealth Manager on Twitter