The economic data has been steadily improving since his arrival, but Carney has also been criticised for the poor execution of forward guidance
When Mark Carney arrived for his first day as Bank of England governor on 1 July 2013, he carried with him the burden of high expectation. Wooed by George Osborne and an £874,000 pay package, the former Goldman Sachs executive and Bank of Canada governor was hailed as the rock star of central banking. Osborne described him as "the outstanding central banker of his generation".
His task was huge. It included, among other things, the shakeup of a 319-year-old institution, oversight of a raft of unprecedented powers, normalisation of monetary policy after the crisis response, and responsibility for putting the UK's economic recovery on a sustainable footing.
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