Mark Carney’s attack on Liz Truss has disgraced the Bank of England

He was a ‘global superstar’. He was the smartest finance official of his generation. He would bring global contacts and experience. When Mark Carney was appointed as the first foreigner to run the Bank of England he was meant to be a refreshing, technocratic figure who would blow some of the cobwebs off the institution. And yet, with his attack on Liz Truss for creating ‘Argentina on the Channel’, Carney has become a disgrace to the Bank.

No former governor should ever be so openly partisan. Indeed, if anyone imposed Argentinian-style monetary policies it was possibly Carney himself.

There was no mistaking the ferocity of the attack. The day before Liz Truss launched a defence of her premiership, Carney used the podium of the Global Progress Action Summit – hardly a neutral sounding event – to criticise her policies.