Next BoE governor Carney testifies before British MPs

Mark Carney, the incoming governor of the Bank of England, testified before the UK Treasury Select Committee on Thursday, after submitting written evidence. He assured that he would not alter significantly the central bank's current monetary policy strategy but that he was in favor of introducing more stimulus for a period of time and communicating it in order to help manage market expectations.

Nevertheless, he said that it would be important to review the monetary policy sporadically: "Although the bar for change... should be very high, it seems to me important that the framework for monetary policy - rightly set by governments and not by central banks - is reviewed and debated periodically."

When asked about the UK's current monetary framework, Mark Carney said that: “The flexible inflation-targeting framework should remain broadly in place, but details need to be reviewed and could be changed.”