AnalysisNov 21, 2016Markets & Economy
Maryam Behmard on Bank of England to Drive Policy Direction
Mark Carney stays until 2019 - and inherits the job of steering the UK economy through Brexit.
In this segment
- Carney confirms he will remain Governor to 2019 despite friction with Brexit hardliners.
- A 'painful road ahead': a high current-account deficit and fragile investor confidence.
- Rate tools, corporate bond purchases, and the Term Funding Scheme sit in the BOE's kit.
- Weak sterling boosts exports but stokes import-price inflation, arguing for caution.