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Carney speech a masterclass
Bank of England governor Mark Carney's speech this afternoon, some of which I watched live on Sky/Bloomberg/BBC and the rest I have just read, is a masterclass in saying nothing.
Other than that it confirms the BofE is not independent of government as is often claimed, but is only operationally independent (with its goals defined by Parliament, the Bank has operational independence (page 12).
Posted at 04:38 PM in News & Comment | Permalink