Carney’s Policy Autopilot Gives Time for McKinsey Revamp

Mark Carney picked a good time to implement sweeping changes at the Bank of England.

With the governor and his officials committed to avoiding raising interest rates for months to come, no economist surveyed by Bloomberg News predicts any change at their meeting this week. The policy hiatus is providing breathing space for an institution distracted by his McKinsey & Co.-inspired revamp.