Carney says BoE can stay independent in face of globalisation

Bank of England governor Mark Carney
Mark Carney

Global factors are increasingly important to central banks, but influence rather than dictate policy, Bank of England (BoE) governor Mark Carney said at the Jackson Hole symposium on August 29.

While inflation in different countries appears to co-move strongly, much of that movement is defined by common shocks such as movements in the oil price, Carney argued. Core inflation exhibits much less co-movement, and the stance of policy reflects this.

"In other words, domestic economic conditions – co

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 indvidual account here: