Matthew Lynn

Why Mark Carney’s Canadian success story may be about to fall apart

Is the new Bank of England governor an economic genius, or just a man who’s jumping at exactly the right time?

issue 25 May 2013

No Bank of England governor has ever been installed in office with quite so much advance hype as Mark Carney. When he moves from running to the Bank of Canada to his new office in Threadneedle Street, expectations will be running high. Carney arrives with a reputation as a master of economic strategy, a man who can single-handedly steer an economy through the most treacherous of waters, and get a country growing again with a few deft strokes of monetary magic.

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