Latest Mark Carney News

Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)

UK's Johnson picks Bank of England governor to climate role

Jan. 16, 2020 12:16 PM EST

LONDON (AP) — Britain's prime minister has appointed outgoing Bank of England Governor Mark Carney to a special advisory role ahead of the U.N. climate change conference to be held in Scotland in November. Boris Johnson said Carney will offer expertise in mobilizing business and investors across the...

Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)

UK inflation at lowest since late 2016, stokes rate cut talk

Jan. 15, 2020 6:23 AM EST

LONDON (AP) — Inflation in Britain has fallen to its lowest level since November 2016, official figures showed Wednesday, heightening expectations that the Bank of England will cut interest rates this month. The Office for National Statistics said consumer prices rose by 1.3% in the year to December, down...

Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)

UK rate cut could come soon, Bank of England chief hints

Jan. 9, 2020 1:03 PM EST

LONDON (AP) — U.K. interest rates could be cut soon to shore up an economy that's barely growing even as some Brexit uncertainty has dissipated, the Bank of England's outgoing chief hinted Thursday. Mark Carney said in a speech that there is a “debate” within the bank's rate-setting Monetary...

FILE - In this Monday Feb. 25, 2019 file photo, Chief Executive of the Financial Conduct Authority Andrew Bailey speaks at a press conference at the Bank of England in London. The British government has named Andrew Bailey, head of the U.K.’s finance watchdog, as the next governor of the Bank of England, and will replace current governor Mark Carney on March 16, 2019. (Kirsty O'Connor/Pool via AP, File)

Andrew Bailey to succeed Carney as Bank of England governor

Dec. 20, 2019 9:58 AM EST

LONDON (AP) — Andrew Bailey, head of Britain’s financial watchdog, will be the next governor of the Bank of England, where his top challenge will be navigating any choppy waters during the country's departure from the European Union. Treasury chief Sajid Javid, who announced the appointment Friday,...

UK Treasury chief appoints experienced regulator Andrew Bailey to succeed Mark Carney as Bank of England governor

Dec. 20, 2019 3:54 AM EST
UK Treasury chief appoints experienced regulator Andrew Bailey to succeed Mark Carney as Bank of England governor.
Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)

Bank of England audio feed 'misused' by hedge funds

Dec. 19, 2019 8:46 AM EST

LONDON (AP) — British authorities began investigating Thursday how some hedge funds got access to market-sensitive news conferences of the Bank of England five to eight seconds ahead of others - enough to give them a huge edge in the fast-moving world of financial markets. Following a report in The Times...

UN Secretary-General Antonio Guterres speaks during a news conference at the COP25 summit in Madrid, Spain, Sunday, Dec. 1, 2019. This year’s international talks on tackling climate change were meant to be a walk in the park compared to previous instalments. But with scientists issuing dire warnings about the pace of global warming and the need to urgently cut greenhouse gas emissions, officials are under pressure to finalize the rules of the 2015 Paris accord and send a signal to anxious voters. (AP Photo/Paul White)

UN chief warns of ‘point of no return’ on climate change

Dec. 1, 2019 11:34 PM EST

MADRID (AP) — U.N. Secretary-General Antonio Guterres said Sunday that the world’s efforts to stop climate change have been “utterly inadequate" so far and there is a danger global warming could pass the “point of no return.” Speaking before the start Monday of a two-week...