Carney clashes with parliamentarians over ‘unreliable' forward guidance

Mark Carney
Mark Carney

Mark Carney, the governor of the Bank of England (BoE), today defended his suggestion earlier this month that interest rates could rise sooner than markets expected – a remark that was widely interpreted as a sudden shift in the bank's forward guidance.

Carney argued before a parliamentary committee that the comment – made during a high-profile speech in London weeks after the release of a dovish BoE inflation report – got "across the point to the markets to watch the evolution of data" more clo

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