Carney tries to bring clarity

The new Bank of England governor has spelled out the details of his 'forward guidance' policy. Will he come to regret it?

New Bank of England governor Mark Carney has only been in the job for a month, but he is already making his intentions plain to shake up the Old Lady of Threadneedle Street. On Wednesday he unveiled a policy of "forward guidance", which boils down to keeping interest rates very low and quantitative easing going until unemployment is under 7%.

What the commentators said

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