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Bank Of England Governor Mark Carney's First Year - The 12 Things You Should Know

Carney's First Year As BoE Chief - The 12 Things You Should Know
Asa Bennett
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July 1st marks the end of Mark Carney's first year as governor of the Bank of England, and the Canadian central banker has kept himself busy.

Over the last 12 months, the ex-Goldman Sachs banker has battled to make clear that interest rates will stay low, that he was keeping a watch on Britain's property market, and that the Bank was a sharper organisation under his watch.

See also: 9 reasons why Canada is better than Britain

How has Carney done as the third most powerful man in Britain, behind only the Prime Minister and the Chancellor? HuffPost UK has drawn up a list of the 12 things you need to know about his first year.

Mark Carney's 1st Year
Carney was super keen on his first day(01 of08)
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The Canadian central banker dodged most photographers by taking the tube to work, arriving at Threadneedle Street shortly before 7am on July 1, 2013. (credit:Pool via Getty Images)
Carney got behind women on banknotes(02 of08)
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On July 8 2013, Carney expressed shock at the violent abuse suffered by female campaigners behind a campaign to have Jane Austen on the new £10 banknote, saying that it "should be prosecuted to the fullest extent of the law." Just days later, the Bank officially chose the author as the future star of the £10 note. (credit:Chris Ratcliffe/PA Archive)
Carney kept things cool(03 of08)
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On July 17, it emerged that Carney used his first vote at the head of the Bank of England's Monetary Policy Committee to keep the bank's "quantitative easing" stimulus programme on hold, as well as interest rates at their record 0.5% low, something which has remained the case over his first year. He also kept things cool socially as he was seen at the Wilderness Festival in Oxfordshire. (credit:Jason Alden/WPA-Rota)
Carney made sure to bash bankers(04 of08)
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The day after unveiling his forward guidance, Carney said banking culture needed a "fundamentally important" change. He later on soothed his tone and praised the City as a "national asset", but in May, resorted to lashing out at bankers for their "disturbing" greed.
Carney got into his first fights with Cable (05 of08)
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Vince Cable lashed out on 24th of August at the Bank's "capital Taliban' for restricting banks' lending to small businesses. Carney later returned fire this June when he warned that the business secretary's ideal limit for mortgages risked ruining the recovery.
Carney slapped down Salmond(06 of08)
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In January, Carney undermined Alex Salmond's plan that an independent Scotland would keep the pound sterling in a currency union, warning that such a model has "clear risks" and "requires some ceding of national sovereignty".
Carney tackled Osborne's "women problem"(07 of08)
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Carney urged Osborne to consider appointing female economists to the Bank of England's then entirely male monetary policy committee, with the chancellor breaking his string of all-male appointments in March by picking Nemat Shafik as the next Bank deputy governor.
And Carney tore up our banknotes(08 of08)
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Carney unveiled plastic banknotes as the future replacement for paper, with it confirmed in December that the Bank would start printing polymer notes, which it emerged could be cocaine-free.
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