BoE Carney to Skip G20 To Be Ready for Outcome of Scottish Vote

Bank of England Governor Mark Carney will leave a meeting of Group of 20 finance ministers and central bank governors early next week in order to be back in Britain in time for the result of Scotland’s Sept. 18 independence vote.

A BoE spokesman said Carney would chair a meeting of the Financial Stability Board of bank regulators in Cairns, Australia, on Sept. 17, then fly back to London to be present on the evening of Sept. 18.

“The final decision was taken this week,” the spokesman said. “It is just prudent planning, and you would expect the central bank governor of the United Kingdom to be here for an occasion such as this.”

 
Opinion polls show the result of the referendum is too close to call. Carney has said the BoE has contingency plans in place should Scots vote to end their 300-year union with the rest of the United Kingdom.

BoE Deputy Governor Jon Cunliffe will represent Britain for the remainder of the meeting, which continues until the weekend.

via Reuters

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.