BOE governor Carney interview underway on BBC Radio 4 29 Sept
- see potential issues around Brexit and household debt
- taking action to mitigate risks to UK economy
Discsusion centering around BOE ‘s role in mon pol, inflation and the economy at large which I previewed and warned of earlier here
Replynig to comments made in past 24 hours by Gordon Brown and Ed Balls on the responsibilty/power or lack of it that the BOE has.
Arguments developing that the BOE should give up its independent decision on interest rates and change to a National Council of sorts.
Also being questioned on BOE fwd guidance accuracy.
GBPUSD a tad lower at 1.3397 as EURGBP nudges back up through 0.8800
Carney and the BOE — Role under scrutiny