BOE Governor Defends Private Meetings and Brexit Warnings

The Bank of England governor has said it is “important” that he and Chancellor George Osborne are allowed to have private meetings.

However, Mark Carney has agreed minutes of their private talks on Brexit may be examined ‘discreetly’ by MPs.

It was his first time giving evidence to MPs since the vote.

He denied again that the Bank of England had tried to “frighten” the public about the negative effect a Brexit vote could have on the economy.

Supporters of Leave – including two former Conservative Chancellors – accused him last month of “peddling phoney forecasts”.

“It is our responsibility to give these assessments…we have an obligation to make these assessments,” said Mr Carney.

“The debate cannot be about whether we should have made an assessment. If we view something as the biggest risk, we have an obligation, a statutory obligation, to make that clear to parliament. We have an obligation to the people of the United Kingdom to come straight with them,” he added.

via BBC

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