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Mark Carney

  • Hawkish Mark Carney sends pound to five-year peak against US dollar

    June 16, 2014

    The pound pushed above $1.70 during trading yesterday, hitting this level for the first time in five years, following Bank of England governor Mark Carney’s hawkish comments last week. On Thursday night, Carney told diners at Mansion House that the Bank’s first post-crisis rate hike could come “sooner than markets currently expect”, a clear departure [...]

  • Mark Carney – Prepare for a rise in interest rates

    June 12, 2014

    Bank of England governor Mark Carney shocked markets last night by revealing that interest rates might be hiked this year – a stark turnaround from his usual position of talking down the possibility. Addressing an audience of City grandees at the annual Mansion House dinner, the 49-year-old Canadian said the Bank could start to bring [...]

  • Ships ahoy for Mark Carney at Mansion House Banquet for Bankers

    June 12, 2014

    Mark Carney’s adventurous side came out at the Lord Mayor’s Banquet for Bankers last night in Mansion House. The governor of the Bank of England executed a perfect dive into the white waters of nautical analogies, bravely choosing a canoe as his vessel of choice (so very Canadian). “Rather than appeal to the stately Duchess [...]

  • Why Mark Carney will be hoping his World Cup analogy isn’t too precise

    May 14, 2014

    The Bank of England's governor has brought back an old favourite to the central bank's press conferences: sport analogies. Mark Carney has suggested that securing the UK's economic recovery so far has been "like making it through the qualifying rounds of the World Cup". A major achievement, but not the ultimate goal. The "real tournament" [...]

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