Bank of England Governor to face Lords Economic Affairs Committee questions
How would a Brexit delay affect the Bank's forecasts for the economy? What effect would a no-deal Brexit have on financial services? Could CPIH replace RPI and CPI as a single general measure of inflation?
These are among the questions the House of Lords Economic Affairs Committee will be asking Dr Mark Carney, Governor of the Bank of England, on Tuesday 5 March 2019.
Questions the Committee is likely to ask include:
- Does the Bank stand by its November 2018 assessments of different withdrawal scenarios? If the UK leaves the EU without a deal at the end of this month, would the outcome be closer to the ‘disruptive' scenario or the ‘disorderly' scenario?
- Could tensions around globalisation cause a global recession? How is the UK affected?
- Should the UK Statistics Authority fulfil its statutory duties by requesting a fix to the clothing problem in the Retail Prices Index?
- Is the level of household debt still one of the main risks to the UK economy?
- Why has the pace of interest rate rises been reduced?
- Are complex policy questions too frequently answered with simplified economic modelling?
This evidence session, which is open to the public, will start at 3.35pm on Tuesday 5 March 2019 in Committee Room 1 of the House of Lords.
