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Showing 11 - 20 of 67 results for "Carney"

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... experience its worst recession in 300 years. Brexit was a stroll on Hyde Park compared with COVID-19. Ex-BOE governor Mark Carney must be thanking his lucky stars he only had to deal with the GFC and Grexit and Brexit. Andrew Bailey, who succeeded Carney ...

Chief economist update: Turns out Brexit was heaven

BENJAMIN ONG  |  FRIDAY, 24 APR 2020
... end of the December 2019 quarter. But in his last meeting as Bank of England (BOE) governor in January this year, Mark Carney was waxing optimistic. "The most recent indicators suggest that global growth has stabilised, reflecting the partial easing ...

Chief economist update: UK is now Bailey's baby

BENJAMIN ONG  |  TUESDAY, 11 FEB 2020
... bank. The BOE kept monetary policy unchanged, as widely expected, right on the eve of Brexit. Andrew Bailey will replace Carney as the BOE's head honcho starting on 16 March 2020. Top-tier stats suggest that Carney is leaving the UK weaker than when ...

Chief economist update: Brexit - the news that was

BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
... removed (with or without a deal) and this time, backed by the UK Parliament at that. Bank of England (BOE) governor Mark Carney cares. In his speech at the BOE's Future of Inflation Targeting Conference in London, Carney remarked: "The economy has ...

Remediation bill tops $10b: ASIC

ELIZA BAVIN  |  MONDAY, 18 NOV 2019
... said this figure is not as shocking as it first seems, comparing it to the US$320 billion Bank of England governor Mark Carney estimated in 2017 for the global cost of misconduct for banks post Global Financial Crisis. "Our interim tally of $10 billion ...

Chief economist update: Brexit la la la

BENJAMIN ONG  |  FRIDAY, 8 NOV 2019
... and the rest of the world are not holding their collective oxygen intake. However, Bank of England (BOE) governor Mark Carney have changed his tune. If memory serves me right, Carney warned about the increased likelihood that the UK would leave the EU ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... bias. In his speech at the Local Government Association Annual Conference and Exhibition in Bournemouth, BOE governor Mark Carney declared that: "For now, a global trade war and a No Deal Brexit remain growing possibilities not certainties. Monetary ...

Chief economist update: BOE going the wrong way?

BENJAMIN ONG  |  TUESDAY, 11 JUN 2019
Mexico (and the world) is breathing a sigh of relief after Trump's tweet "indefinitely" suspending his tariff threat against America's southern neighbour. But POTUS being Trump, he's exploited this "win" to issue fresh tariff threats versus ...

Chief economist update: Hoping for the best, preparing for the worst of Brexit

BENJAMIN ONG  |  THURSDAY, 4 APR 2019
... Brexit's future remains uncertain as to whether the UK will leave the EU with a deal or none. Just ask BOE governor Mark Carney. In an interview with Sky News, Carney said: "The Government... is against no deal, the European Union is against no deal ...

Chief economist update: A capitalist in communist clothes

BENJAMIN ONG  |  WEDNESDAY, 6 MAR 2019
... slowing Australian economy that, ultimately, could become a self-fulfilling prophecy. That, or like the BOE's Mark Carney, the RBA is delaying action until the political backdrop becomes clearer. There's Brexit in the UK, while Australia is bracing ...