Carney Seeks to Embrace the Spirit of the Millennial

The Bank of England needs to adopt the “spirit of the millennial” and embrace varied approaches to problem-solving, as well as boosting gender and ethnic diversity, central bank governor Mark Carney said on Thursday.

Carney made his comments on the same day that Kristin Forbes, the BoE policymaker who has taken the most critical stance towards the bank’s post-referendum stimulus, said she would not seek a second three-year term at the BoE.

Carney said the BoE had targets to boost its proportion of female, black and Asian staff, but that it was important too to increase what he described as “cognitive diversity”.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.