In 48 hours’ time, Mark Carney will make an intervention on Britain’s membership of the European Union. According to this morning’s newspapers, the Bank of England governor will deliver a speech on Wednesday evening at St Peter’s College, Oxford to ‘coincide with the release of a report into how Britain’s membership of the European Union affects the central bank’s ability to manage the economy, and how it affects its ability to protect the country’s biggest banks’, according to the Daily Telegraph.
That might sound as if Carney is going to deliver the findings of a pedestrian report, but given it has been briefed out to several newspapers, the Bank is clearly hoping everyone will be watching. Carney clearly isn’t going to say ‘Britain must stay in’ or ‘It’s time to give up on Brussels’ — his words will be more nuanced — but there is likely to be some hint as to whether he believes Britain will be better served one way or the other.
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