Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Can Carney save the British economy?

If he was hoping for a quiet first day, Mark Carney didn't show his disappointment. Wherever the new Bank of England Governor went this morning, so did the photographers. According to Britain's Finance Minister, the Canadian is the outstanding central banker of his generation. A billing that's meant expectation couldn't be higher. The big question is, though, what about QE? Steve Saywell from BNP Paribas. SOUNDBITE (English) STEVE SAYWELL, GLOBAL HEAD OF FX STRATEGY, BNP PARIBAS, SAYING: "I think next month we would suggest he is likely to reengage QE. Our forecast here is for an extra 100 billion pounds on the balance sheet. that would see an increase from 375 to 475. but probably with some sort of forward guidance. it could be over the next 12 months or so." Interest rates will be another key issue for Carney when he chairs the Bank's Monetary Policy Committee. The UK benchmark's been at a record low of 0.5 percent for 4 years now

© DailyMotion -

Comment on this article!
To post a comment, we encourage you to become a member of® or log in if you are already a member. You can still post your commentwithout registering, but you will need to fill your personal information each time.

Become a member (free)   |   Log in

Postings are subject to the terms and conditions of®. Before submitting your message , you must read the Terms and conditions of® and agree to them by checking the box below.
Your name:
  I have read and agree to the Terms and conditions of®.
Follow us on ...
Facebook Twitter