Mark Carney Extends Governor Appointment by a year

The transcript discusses the extension of Mark Carney's term as Governor of the Bank of England to aid in a smooth Brexit transition. It highlights the criticism of his monetary policies, particularly quantitative easing, and the resulting inequality. Carney's political role and influence during Brexit negotiations are examined, along with concerns about the Bank of England's independence under his leadership.

What was the main reason for the governor's decision to extend his term?

• To implement new monetary policies

• To address public criticism

• To ensure an orderly Brexit transition

• To increase interest rates

What criticism did the Prime Minister have regarding the governor's monetary policy?

• It was too aggressive

• It was too conservative

• It caused inequality

• It ignored inflation

According to the governor, who should address issues of inequality?

• The financial sector

• The government

• The Prime Minister

• The Bank of England

What was a concern for many regarding the governor's extended term?

• It would lead to higher inflation

• It would increase public debt

• It would delay Brexit negotiations

• It might affect the Bank's independence

What policy is Mark Carney best known for?

• Quantitative easing

• Forward guidance

• Interest rate hikes

• Currency stabilization