Former BoE policy-makers demand action from Mark Carney
When Mark Carney takes the helm at the Bank of England (BoE) next month, he is likely to introduce forward guidance centred on UK output and expand the central bank's quantitative easing programme, according to former BoE deputy governor John Gieve.
Gieve, a panellist at a round table discussion on monetary policy organised today by Fathom Consulting, said it will be "a very different story" at the BoE when Carney arrives.
"There has got to be some action," he said. "I expect he will come up
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