Governor of the Bank of England to face Lords Economic Affairs Committee questions on the bank's forecasts, Brexit and financial stability

This public evidence session will start at 3.35pm. Questions the Committee is likely to ask include:

Forecasting

• Why were the Bank's projections for the economy in August 2016, particularly for business and housing investment and imports and exports, substantially different from the reality?

Brexit

• How confident are you that the UK and EU will be able to reach a deal on financial services?
• If there is no deal on passporting, is there sufficient time to authorise all the European firms trading in the UK in time and how important is a transition period to that process?

Inflation

• The Bank has written nine letters to the Chancellor in three years to explain why inflation target has been breached. Is there a problem with the target?
• There are known problems with the calculation and use of RPI, should it still be used as a measure of inflation?

Financial stability

• Is the car finance market a threat to financial stability?
• Do you still consider the overall level of household debt to be a risk to financial stability? Are lenders entering a spiral of complacency and expanding the supply of consumer credit with insufficient consideration of consumers' ability to pay?

This evidence session will start at 3.35pm on Tuesday 30 January 2018 in Committee Room 1 of the House of Lords.