Julian Harris: Andrew Bailey Passes the Baton to Rachel Reeves
Central bank independence remains fairly robust in the West, despite coming under fire in recent times.But that’s not to say that the inevitable interplay between fiscal and monetary policy can’t...
By Julian Harris · Bloomberg
Central bank independence remains fairly robust in the West, despite coming under fire in recent times.But that’s not to say that the inevitable interplay between fiscal and monetary policy can’t still raise eyebrows here in the UK. There’s nothing new in this, of course — more than a decade ago, when I was editing a non-Bloomberg publication (forgive me), we ran a front page story on a Tory MP claiming that Mark Carney and George Osborne (respectively, Bank of England governor and chancellor of