Carney clarifies bank guidance

The Bank of England Governor attempted to shore up his "forward guidance" policy amid signs it is not having the desired effect. During his first regional speech in Nottingham, Mark Carney also compared the UK's productivity to singer Jake Bugg.

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Carney to clarify the Bank of England's guidance

Bank of England governor Mark Carney will attempt to shore up his flagship "forward guidance" policy amid signs it is not having the desired effect on the City.

Bank of England governor Mark Carney will make a speech in Nottingham later today. Credit: Jason Alden/PA Wire

Mr Carney will make his first regional speech later today at a business lunch in Nottingham.

The address to regional business leaders has been billed as an attempt to go over the heads of City analysts and talk directly to the decision makers in the real economy about what "forward guidance" means.

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