NewsColony

Mark Carney: What legacy will he leave the Bank of England? NewsColony Image copyright Getty Images Image caption Mark Carney is the first non-Briton to lead the Bank of England in its 325-year history Mark Carney steps down as Bank of England governor this weekend after almost seven years in the job. The Canadian oversaw big changes at the Bank, which was given more power in the wake of the financial crisis. He also led efforts to support the economy through Brexit and the coronavirus outbreak . Mr Carney will leave the Bank more open and diverse than when he joined in July 2013, but his tenure has not been without controversy. Here are some of the changes that happened on his watch. Predicting the future The world was very different in 2013. In the UK, economic growth was gaining traction, but unemployment was still high, at close to 8%. This led to speculation about the timing of the first post-crisis interest rate rise. The Bank believed the economic recovery needed...