On Thursday he attends his first rate-setting meeting but faces a delicate decision, which probably means tempering high expectations.
His predecessor Mervyn King left office having being outvoted on the last 5 occasions to extend quantative easing (QE). The new governor will want to make sure he does not follow suit.
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He has, after all, just one vote out of nine, and over the last few weeks data suggests growth seen in the first quarter has continued in the second. PMIs are all above 50, retail sales volumes were strong in May and housing activity is showing signs of real strengthening. Indeed, figures out on Monday suggest recovery in two of the weakest parts of the economy -manufacturing and mortgage lending - is gathering steam.
Of course we have been here before and there is always the chance future data may again disappoint, but against this current backdrop it's very unlikely a majority of the Monetary Policy Committee (MPC) are ready to restart asset purchases.