Carney champions flexible inflation target

Mark Carney

Mark Carney today backed a flexible inflation-targeting framework for the Bank of England (BoE) when he begins his term as governor in July, ending months of speculation he had done a deal with the Treasury to radically change the British central bank's monetary policy mandate.

Carney told the UK Parliament Treasury Committee that there is an "appetite for debate" regarding the Bank of England's monetary policy regime, which he believes is healthy. But he insisted any debate should be resolved

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