Mark Carney: Brexit criticism of Bank of England has been extraordinary

By: | Published: July 12, 2016 4:21 PM

Carney, speaking to lawmakers on Tuesday, also said he did not decide in advance what the Bank's most important policy-making committees should take on the EU referendum which resulted in a decision to leave the bloc.

Carney has previously defended the BoE's decision to flag the economic risks of a "Leave" vote. (Source: Reuters)Carney has previously defended the BoE’s decision to flag the economic risks of a “Leave” vote. (Source: Reuters)

Bank of England Governor Mark Carney said some of the criticism of the central bank in the run-up to last month’s referendum on Britain’s European Union membership had been “extraordinary in all senses of the word.”

Carney, speaking to lawmakers on Tuesday, also said he did not decide in advance what the Bank’s most important policy-making committees should take on the EU referendum which resulted in a decision to leave the bloc.

Carney has previously defended the BoE’s decision to flag the economic risks of a “Leave” vote. The Bank said before the referendum that a Brexit vote could cause a material slowdown in the economy. Carney said in May there was a chance of a recession, angering some leading “Leave” supporters.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition