London Marathon 2015: After Mark Carney thrashed Barclays boss Antony Jenkins, how well does your race time compare? April 27, 2015 Mark Carney beat Antony Jenkins in the high-finance battle at the London Marathon yesterday. The Bank of England’s 50-year-old governor produced a mercurial run, beating Jenkins, the 53-year old Barclays chief executive, by an hour and a half. Carney’s time of 03:31:22 was faster than the men’s average of 04:04:30, and far faster than the [...]
London Marathon 2015 in pictures: Paula Radcliffe, Eliud Kipchoge, Tigist Tufa, Mark Carney and Romeo Beckham join 35,000 runners April 26, 2015 Eliud Kipchoge crosses the finish line winning the men's race Kenyan rivals Wilson Kipsang and Eliud Kipchoge battle it out Ethiopia's Tigist Tufa flies across the finish line to win the women's race The US's Joshua George pips Britain's David Weir to the men's wheelchair title Runners cross Tower Bridge Women's record holder Paula Radcliffe lines [...]
Mark Carney fears UK at risk from Greek contagion April 7, 2015 Britain’s banks and insurers could be in danger if Greece leaves the Eurozone, the Bank of England warned yesterday. The UK is not heavily exposed to Greece itself, but if it exits the single currency then it could cause financial panic in other indebted economies like Spain and Italy, which would then hit Britain hard. [...]
Bank of England governor Mark Carney says global deflation forces, strong sterling could delay rate hike March 12, 2015 Bank of England governor Mark Carney has said that low inflation outside of the UK, as well as a strong sterling, could cause the central bank to push back a rate hike. "It may be appropriate to take into account persistent external deflationary forces arising from the combination of continued foreign low inflation and the [...]
Mark Carney says talk of cut to interest rate is overblown March 10, 2015 Bank of England governor Mark Carney yesterday implied that talks of a cut in interest rates nearer to zero were overblown. He also ruled out cancelling government debt held by the Bank to reduce the headline figure. Policy makers will “look through” falls in energy and food prices that would keep inflation below target this [...]
Mark Carney silent on Bank of England’s mystery dove as he predicts interest rate hikes February 24, 2015 Interest rates will rise gradually over the next two years, Mark Carney told MPs yesterday, playing down the chance of another rate cut. One member of the monetary policy committee (MPC) is tempted to vote for a rate cut, according to the minutes of its last meeting. However, Bank of England governor Carney refused to [...]
Our key takeaways from Mark Carney’s speech on UK interest rates February 24, 2015 During a speech to MPs earlier today, Bank of England governor Mark Carney said an interest rate hike before the end of the year looked likely. Reading out highlights from the central bank's quarterly inflation report, he told parliament’s treasury select committee that the rise would take place despite low consumer inflation, which [...]
Bank of England’s Mark Carney: Interest rate cut is possible as UK heads toward deflation February 12, 2015 Bank of England governor Mark Carney revealed yesterday that interest rates could drop even further below their historic low of 0.5 per cent, as the collapse in global oil prices drags Britain towards deflation. In a mandatory letter to chancellor George Osborne, Carney said that if “global activity continues to disappoint, or if low inflation [...]
Bank of England Governor Mark Carney: “No room for complacency” in global banking reform February 9, 2015 Bank of England governor Mark Carney has cautioned against slowing the pace of global banking reforms, saying the financial system is more resilient than during the financial crisis, but there's still "no room for complacency". Speaking in his role as chairman of the Financial Stability Board (FSB), a body which monitors the global financial system, [...]
Mark Carney’s struggle to master his words – CNBC Comment February 2, 2015 Once upon a time, you needed to be Alice in Wonderland to vanish down a rabbit hole. Nowadays, we are all falling in head first – thanks to a bunch of central bankers. But as we’re down here in this inverted QE world, Bank of England governor Mark Carney should probably heed the words of [...]