New Governor of the Bank of England to visit campus

The new Governor of the Bank of England Mark Carney
23 Aug 2013 09:00:00.000

The University of Nottingham is set to welcome the new Governor of the Bank of England on to campus.

Mark Carney will attend a sold-out lunch sponsored by the Derbyshire and Nottinghamshire Chamber of Commerce being held on Wednesday August 28 at the East Midlands Conference Centre on University Park campus.

During the event, he will deliver his maiden public speech as Governor which will be streamed live from 1.45pm via the Bank of England’s website.

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Governor Carney’s appointment was approved by Her Majesty the Queen in November last year and he joined the Bank of England on July 1.

Economic outlook

In addition to his duties as Governor of the Bank of England and chairman of its Monetary Policy and Financial Policy Committees, he serves as Chairman of the Financial Stability Board (FSB), and is a member of the Group of Thirty and of the Foundation Board of the World Economic Forum.

Since taking up the position, Governor Carney has set out a new ‘forward guidance’ strategy for monetary policy, which pledges to keep interest rates low to stimulate the jobs market. He has also unveiled the design of the next £10 note which will feature the author Jane Austen.

In his speech the Governor is likely to speak about the Bank of England’s forward guidance policy, and its implications for both businesses and householders and will hear from Nottingham businesses about their perspectives on the outlook for the local and national economy.

Canadian-born Governor Carney formerly served as Governor of the Bank of Canada and Chairman of its Board of Directors. This followed previous roles as Senior Associate Deputy Minister of Finance and Deputy Governor of the Bank of Canada and a thirteen-year career with Goldman Sachs in its London, Tokyo and Toronto offices.

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Notes to editors: The University of Nottinghamhas 42,000 students at award-winning campuses in the United Kingdom, China and Malaysia. It was ‘one of the first to embrace a truly international approach to higher education’, according to the Sunday Times University Guide 2013. It is also one of the most popular universities among graduate employers, one of the world’s greenest universities, and winner of the Times Higher Education Award for ‘Outstanding Contribution to Sustainable Development’. It is ranked in the UK's Top 10 and the World's Top 75 universities by the Shanghai Jiao Tong and the QS World Rankings.

More than 90 per cent of research at The University of Nottingham is of international quality, according to the most recent Research Assessment Exercise. The University aims to be recognised around the world for its signature contributions, especially in global food security, energy & sustainability, and health. The University won a Queen’s Anniversary Prize for Higher and Further Education for its research into global food security.

Impact: The Nottingham Campaign, its biggest ever fundraising campaign, will deliver the University’s vision to change lives, tackle global issues and shape the future. More news…

Story credits

More information is available from Emma Thorne on +44 (0)115 951 5793,

Emma Thorne Emma Thorne - Media Relations Manager

Email: Phone: +44 (0)115 951 5793 Location: University Park

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Published Date
Monday 2nd December 2013

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