Mark Carney's Legacy in 4 Points

An emergency 50 basis point rate cut has grabbed the headlines, but what else will the Canadian be remembered for in his near-seven year reign as Bank Governor?

James Gard 12 March, 2020 | 12:38AM

Mark Carney

Mark Carney has been a familiar face in Britain’s economic establishment since 2013 but he will be leaving the post of Governor of the Bank of England on March 16 2020. His departure, delayed from January, comes as the world's central banks react to the coronavirus epidemic. Following the Federal Reserve's emergency 50 basis points cut, the Bank of England slashed rates on March 11, ahead of the Budget, from 0.75% to 0.25%.

As Andrew Bailey, former head of the Financial Conduct Authority, prepares to tackle a bulging intray at the Bank of England, we look at Mark Carney's legacy in four points: 

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James Gard  is content editor for Morningstar.co.uk

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