Carney: UK businesses ‘understand forward guidance well'
Mark Carney, governor of the Bank of England (BoE), today told the economic affairs committee of the UK parliament's upper chamber, the House of Lords, that his policy of forward guidance on monetary policy is proving useful for the ‘real economy' across the country.
Carney said that having met more than 300 businesses around the UK, his experience is "that business people understand forward guidance well". He added: "This is confirmed by the reports of our network of agents across the nation."
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