Friday, 26 April 2024 () Independence should not mean the Bank of England is shielded from government scrutiny and accountability to the public, says Damian Pudner Last week, a striking disclosure by former prime minister Liz Truss reignited the debate on the delicate balance between political authority and the operational independence of central banks – a topic with profound implications [...]
The Bank of England has voted to keep interest rates unchanged, but showed what was perhaps the clearest sign in years that cuts could come in the months ahead. Bank governor Andrew Bailey said the..