Mark Carney

Mark Carney News

  • Yen Falls as Chinese Growth Beats Analyst Forecasts

    Updated 46 minutes ago

    The yen fell the most in more than two weeks against the dollar after data showed China’s economic growth slowed less in the first quarter than analysts forecast, damping demand for safer assets.

  • Stocks Rise on Earnings, Economy as Oil Gains With Pound

    Updated 42 minutes ago

    Global stocks gained, with the Standard & Poor’s 500 Index climbing for a third day, as companies from Tesco Plc to Yahoo! Inc. and Intel Corp. jumped on earnings and U.S. industrial production increased. Oil and copper rose, while the pound strengthened.

  • Pound Strengthens Toward 4-Year High as U.K. Jobless Rate Falls

    Updated 46 minutes ago

    The pound approached a four-year high versus the dollar as the U.K. unemployment rate fell more in the three months through February than analysts forecast, adding to signs the economy is gaining traction.

  • U.K. Unemployment Rate Falls to Five-Year Low

    Updated 1 hour, 3 minutes ago

    Britain’s unemployment rate dropped to a five-year low in February, underscoring the strength of the economic recovery and raising the prospect of a debate among Bank of England officials about whether to raise interest rates.

  • Broadbent Beat 20 Rivals for BOE Deputy Governor Role

    Updated 59 minutes ago

    Ben Broadbent defeated 20 candidates to become the Bank of England’s deputy governor for monetary policy, an appointment that became part of a management revamp by Governor Mark Carney.

  • Biggest Banks Face Tougher Basel Rule on Risk Concentration

    Banks identified as systemically important to the global economy face tighter rules on how much business they can do with each other as part of a push to limit the chance a single failure would drag down multiple lenders.

  • U.K. Inflation Rate Falls to 1.6%, Lowest in Four Years

    Britain’s inflation rate fell to the lowest in 4 1/2 years in March as gasoline and clothing prices pushed it further below the Bank of England’s target.

  • EU Senior Bank Creditors Face Losses as Parliament Votes

    Senior unsecured creditors in European Union banks may be forced to take losses before public money can be injected to prop up a lender, as lawmakers vow to prevent a recurrence of the bailouts that followed the collapse of Lehman Brothers Holdings Inc.

  • Carney’s Powers Primed to Take Heat Out of Housing

    Mark Carney has the powers he needs to take the heat out of Britain’s housing market, if officials decide to deploy them when they next meet, economists said.

  • Pound Bets Most Bullish in Three Years as U.K. House Boom Swells

    Currency traders are more bullish on the pound that at any time in the past three years as the U.K.’s booming property market fuels speculation the Bank of England is getting closer to raising interest rates.

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