Mark Carney set to be questioned by the Economic Affairs Committee
Dr Mark Carney, Governor of the Bank of England, will next week face questions from the House of Lords Economic Affairs Committee in its annual evidence session.
Dr Carney will give evidence to the Committee from 3:30pm on Tuesday 10 March 2015 in Committee Room 1 of the House of Lords.
Areas the Committee will quiz Dr Carney on include:
- Whether new capital rules will affect the amount banks are willing or able to lend.
- What differentiates good deflation and bad deflation?
- The credibility of the target inflation rate of 2%, which the Bank has rarely come close to meeting since the financial crisis.
- How effective quantitative easing has been in boosting the UK economy in practice
- The possible impact on the UK economy of further economic uncertainty in the Eurozone and of the low value of the euro against the pound.
- Banking culture – are banks now too big to manage?
- Why productivity in the UK has been weak since the financial crisis and what makes the Bank believe it will return to its historic rate of growth by 2016.
- When the Financial Policy Committee might exercise proposed powers to place limits on residential mortgage lending.
- Accounting standards and the role of auditors.
