Friday, August 18, 2006

Boring, boring Mervyn!

MPC is ensuring that Mr King won't achieve his 'boring' ambition

In his best-known aphorism, Mr Mervyn King said it was his ambition to make monetary policy "boring". By this he meant that a central bank's actions were likely to be most effective if they conformed to a widely understood policy framework.

Posted by webmaster @ 03:14 PM (1805 views)
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