The chief economist at $4 billion hedge fund manager Toscafund Asset Management has levelled sharp criticism at Bank of England governor Mark Carney over what he called an “absurd” stimulus package from the central bank.

The Bank of England reduced interest rates to a new low of 0.25% on August 4, the widely-expected cut among a number of measures aimed at helping the UK economy recover from the shock of the June 23 vote to leave the EU.