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Carney’s Brexit Nemesis Says Bank Acted Too Early

  • Tory lawmaker Rees-Mogg will question governor on Wednesday
  • Policy makers cut interest rate, expanded QE last month
Bloomberg business news

Gartside: Carney Did Right Thing to Restore Confidence

Mark Carney jumped the gun by easing monetary policy last month, according to the U.K. lawmaker who called this year for the Bank of England governor to be fired for warning about the costs of leaving the European Union.

“Once you don’t trust him to be impartial, you begin to think that all his actions have a political spin to them and therefore people make the criticism that he cut rates in a panic to prove himself right,” Jacob Rees-Mogg, a pro-Brexit member of the House of Commons Treasury Committee, said in an interview on Monday. “He has undermined the perception of impartiality of the Bank of England and that makes it harder for the Bank of England to do its job.”