Mark Carney

Bank of England governor Mark Carney has warned on the complications of withdrawing monetary stimulus - just hours before the US Federal Reserve may announce a tapering of its own asset purchase programme.

Bank of England Governor Mark Carney has promised to keep interest rates lower for longer, ahead of the release of UK GDP growth data for the third quarter.

Mark Carney, the new Governor of the Bank of England, is pushing ahead with a strategic review of the institution's resources and priorities, just three months in to the job.

Bank of England governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing programme.

FIVE THINGS

Mark Carney's revolutionary "forward guidance" on interest rates is so half-baked it could pose a threat to financial stability, a former Bank of England economist has warned.

FIVE THINGS

Mark Carney yesterday declared the British economy is ‘picking up' but warned that the recovery may prove to be another ‘false dawn'.

Confidence among investors that the Bank of England (BoE) will hold rates at record lows for as long as it has implied appears to be falling after a key economic indicator suggested the UK's economic recovery is gathering pace.

The UK unemployment rate fell 0.1% in the three months to July to 7.7%, according to the Office for National Statistics.