Mark Carney: One year on

Mark Carney: One year on

As he marks his first year at the helm of the Bank of England, Investment Week looks at what impact Governor Mark Carney has had on the UK economy.

Canadian Mark Carney, the first foreign Governor of the Bank of England (BoE), began his tenure on 1 July 2013 and intends to serve a minimum of five years in the role. He has already faced criticism for sending out mixed messages to markets, promising a more transparent policy of forward guidance, only to backtrack later. Nonetheless, his appointment has coincided with a definite improvement in the UK economy. GDP has now climbed above pre-crisis levels, unemployment has fallen, and inflation is below target. This final point has prompted Carney to begin talking up the prospect of...