Me in the FT on what Reeves should do to reform the Bank of England: www.ft.com/content/23d0...
The time is surely ripe for a rethink of some of the strictures governing the central lender
WRT your suggestion about reviewing the target inflation rate: can you envisage that ever being more than 2% ?
I hope "Sack Andrew Bailey" is part of it. A historian with almost no economic expertise whose wife is tied to a lot of cranky right-wing think tanks.
This is one of my least favourite genres of comment. “The author is wrong because other problems exist.”
Nice article, Tony. I bet your final paragraph will get some, uh, ‘interesting’ responses.
FT have added a poll at the bottom of the article, so, concerned citizens with the requisite FT web access, you know what to do.
Out if interest, does the BoE apply a macroeconomic stress testing regime to its own mandate and targets, in order think through the consequences under extreme circumstances?
funny i'd never given any thought to Bank of England name - one just says it, but you're totally right - it oversees all of UK, not just England!
Have they updated their financial models about money and credit supply yet? From Skidelsky’s “Money and Government (2019)”
