March 2, 2020 / 10:48 PM / a month ago

UK's Treasury Committee to question BOE's Carney on Tuesday

FILE PHOTO: Mark Carney, Governor of the Bank of England, poses for a portrait during an interview with Reuters, in London, Britain February 13, 2020. Picture taken February 13, 2020. REUTERS/Dylan Martinez

(Reuters) - UK’s Treasury Committee said on Monday it will question outgoing Bank of England Governor Mark Carney alongside members of the monetary policy committee on Tuesday.

The lawmakers will hold an evidence session with Andrew Bailey on Wednesday on his appointment as the new governor of the BOE, the committee said on Twitter bit.ly/3csIA9B.

Mel Stride, who chairs the Treasury committee, had earlier said he would call in Carney and his successor Bailey to explain the misuse of the audio feeds from BOE news conferences. In December, the central bank said a rogue supplier has been giving traders access to potentially market-moving information seconds before rivals.

Bailey is due to become Bank of England Governor on March 16.

Reporting by Aakriti Bhalla in Bengaluru; Editing by Shailesh Kuber

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