As head of the BoE’s Monetary Policy Committee (MPC) which controls short term interest rates, Carney has more influence over the pound’s value than any other person. Traders scrutinize his public engagements for clues regarding future monetary policy. His comments may determine a short-term positive or negative trend. The Bank of England Governor and several Monetary Policy Committee members testify on the inflation and economic outlooks before Parliament’s Treasury Committee.
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