Mervyn King deserves applause for standing up to the Government
The Governor of the Bank of England is right to fight hard for powers to regulate banks argues Liam Halligan.
Source: telegraph.co.uk
Comments
Simon James, Gore Browne Investment Management, 2009-06-29 11:43:39
It suits the Treasury for the Bank of England not to have too much power, while appearing nevertheless to be in control. Such a position is unacceptable for the BoE. Comments on fiscal policy by the BoE are also reasonable because monetary policy and fiscal policy inevitably interact.