BOE’s Carney From Rockstar To Unreliable Boyfriend

The red carpet rolled out for Mark Carney’s arrival in London may now look a little worn around the edges. His first year as Governor of the Bank of England saw him called everything from “rock star” to “unreliable boyfriend.”

Leaving aside that rock stars are not famed for their reliability as boyfriends, this merely suggests that, like any official feted as he was, he has simply proven to be human, and not quite the vision of central banking perfection the government was eager to sell him as.

“He came in with flying colors, obviously made up to be way more than he realistically could be, but he has flip-flopped. He was way too dovish…communication has not been good,” Erik Nielsen, global chief economist at UniCredit, told CNBC.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza