BoE governor Carney to be grilled by new-look TSC


Bank of England governor Mark Carney will become the first witness to be grilled by the new-look Treasury select committee today.

The Guardian reports the parliamentary committee will meet for the first time since the general election, the first opportunity for new members to set out their agendas.

Conservative MP Andrew Tyrie remains chair of the committee, while new faces include Scottish National party MP George Kerevan and Conservative MP Jacob Rees-Mogg.

Carney will face questions on the outlook for interest rates and the situation in Greece.

He will also be questioned on the Bank’s May inflation report, in which it lowered its forecast for GDP growth in 2015 from 2.9 per cent to 2.5 per cent.

He will give evidence alongside a team of policymakers from the Bank, including deputy governor Sir Jon Cunliffe and members of the monetary policy committee and financial policy committee.