Tag: Mark Carney

• Friday, September 6th 2013 - 00:43 UTC

  Bank of England leaves key rate and bond-buying program unchanged

  

  Bank of England officials left their bond-buying program unchanged on Thursday as they assessed the impact of Governor Mark Carney’s forward guidance policy to keep interest rates low amid a strengthening economic recovery.

• Thursday, August 8th 2013 - 03:15 UTC

  Bank of England ‘forward guidance’: no rate rise until unemployment falls to 7%

  

  The Bank of England's new Governor Mark Carney said the central bank will not consider raising its record low interest rate and stimuli until unemployment falls below 7%.

• Friday, August 2nd 2013 - 02:47 UTC

  Bank of England leaves rates unchanged as UK economy seems to be picking up

  

  Bank of England's Monetary Policy Committee (MPC) has left interest rates at 0.5%. The key borrowing rate has been at that level since March 2009. MPC also said it would make no change to the £375bn of monetary stimulus it is providing through its quantitative easing program (QE).

• Thursday, June 6th 2013 - 23:26 UTC

  Bank of England leaves rate unchanged as it prepares to receive Mark Carney

  

  The Bank of England on Thursday voted to keep its main interest rate at 0.5% following a monetary policy meeting, the last for departing Governor Mervyn King. The BoE also decided against creating more cash under its Quantitative Easing (QE) program that is aimed at boosting growth amid Britain's fragile economic recovery.

• Friday, May 3rd 2013 - 02:27 UTC

  Bank of Canada names long term bureaucrat and economist as new head

  

  The Bank of Canada has named long-term bureaucrat and economist Stephen Poloz as its new head, replacing Mark Carney who is going to run the Bank of England. Mr Poloz was a surprise choice as many observers expected Mr Carney's senior deputy, Tiff Macklem, to succeed him.

• Thursday, February 7th 2013 - 19:32 UTC

  Bank of England next governor favours “flexible inflation targeting”

  

  Bank of England has chosen not to inject any more money into the economy, leaving its quantitative easing (QE) programme at £375bn. The Bank also left interest rates unchanged at 0.5%.

• Monday, November 26th 2012 - 19:04 UTC

  Canadian considered G7 best central banker to lead Bank of England for next five years

  

  Mark Carney has been named as the new Bank of England governor, who will replace outgoing head Sir Mervyn King. The role of the governor is the most important unelected position in Britain, and is chosen by the British Government.