BoE's Carney after May criticism - we won't take instruction on policies



Bank of England Governor Mark Carney said on Friday he would not "take instruction" from politicians about how the BoE follows its objectives, in an apparent rebuff to criticism from Prime Minister Theresa May of the BoE's low interest rate policies.
"Politicians have done a very good job of setting up the system," Carney said. "Where it can be difficult sometimes is if there are political comments on our policies as opposed to political comments on our objectives.
"The objectives are what are set by the politicians, the policies are done by technocrats,"... read more

 
14 October 2016 in Business, Views: 40
Source: Reuters
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