Mark Carney on joined-up policy-making, forward guidance and Brexit
BoE governor rules out negative rates and change to inflation targets, offers update on too-big-to-fail; and more
Central Banking met with Mark Carney on August 1 in London
You joined the Bank of England (BoE) as governor at a time when the Prudential Regulation Authority (PRA) and the new macro-prudential framework under the Financial Policy Committee (FPC) were being integrated into the bank. At the same time there was the ‘One Bank’ transformation aimed at better integration and extracting savings. How has this all worked out?
There are policy synergies and operational synergies.
Part of the reason I
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