Carney and BoE chief economist clash on inflation targeting

Mark Carney

Mark Carney, the Bank of Canada governor, has suggested inflation-targeting should be scrapped if further central bank stimulus is required and replaced with a framework centred on nominal GDP. But the Bank of England's (BoE) chief economist, Spencer Dale, is wary of the idea.

Carney told an audience in Toronto on December 11 that it may be necessary for central banks to maintain a highly accommodative policy beyond the point where the economy – and possibly inflation – picks up. He said in this

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: