Europe News

Bank of England's Carney scraps... cricket match!


After taking measures to cool the U.K.'s housing market, Bank of England (BoE) Governor Mark Carney has announced his next big shake up: scrapping the central bank's annual cricket match.

The match was the center piece of the BoE's annual sports day under Carney's predecessor Mervyn King, who played in the match until he retired last year.

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Like Carney's monetary policy forward guidance, the move to cancel the match is a departure from the ways of King, who is a huge cricket fan.

King is the president of Chance to Shine, a charity aimed at getting children playing the sport, and said the game had helped him "significantly in his career".

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This year, however, Carney asked staff at the BoE which sports they would like to play at its sports center in in Roehampton, south-west London. The list included the classic three-legged race and rounders.

"The arrangement of the day was in the hands of staff. They chose a number of sports such as rounders, football, and tug-of-war, among others," a BoE spokesperson told CNBC on the phone.

The central bank's annual sports day is open to staff and their families.

- By CNBC's Arjun Kharpal