Brexit and the Bank of England: Governor to answer Lords Committee questions
Dr Mark Carney, Governor of the Bank of England, will be questioned by the House of Lords Economic Affairs Committee on Tuesday 25 October 2016.
The focus of the evidence session will be the economic consequences of the vote to leave the European Union and the Bank of England's response. The Committee is likely to ask the following questions:
- Are ultra-low interest rates fuelling inequality and threatening the independence of central banks?
- Did the Bank misjudge the short-term impact of Brexit prior to the referendum?
- What impact will the fall in the value of the pound have on the UK's economy and the inflation target?
- Will a ‘hard' Brexit lead to job losses in the City of London?
- How and when will quantitative easing be unwound?
The House of Lords Economic Affairs Committee is chaired by Lord Hollick.
The evidence session will start at 3.35pm on Tuesday 25 October 2016 in Committee Room 1 of the House of Lords.