Mark Carney: One year on

Canadian Mark Carney (pictured) 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 p...