Highlights: Canada’s Carney discusses Bank of England role
LONDON (Reuters) – Following are highlights of remarks made by Bank of Canada Governor Mark Carney to the British parliament’s Treasury Select Committee. Carney will succeed Mervyn King as governor of the Bank of England on July 1. Full text available here: http://www. bankofengland. co. uk/publications/Documents/other/treasurycommittee/other/carneytsc. pdf MONETARY POLICY FRAMEWORK “In my view, flexible inflation targeting-as practiced in both Canada and the UK-has proven itself to be the most effective monetary policy framework implemented thus far. . . .
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