A tale of two governors

Current Governor of the Bank of England Mark Carney and his predecessor Mervyn King have both commented on the referendum this week.

There has been substantial reporting of Mark Carney’s comments regarding the effect of a potential Brexit on the financial stability of the UK. Rather than to choose a British paper, with a Bremain leaning, I’ve chosen to look at the reporting in the Wall Street Journal. Part of the side issue is that of Central Bank independence – and Eurosceptic Jacob Rees-Mogg – a SW England Tory MP – attacked Carney’s remarks, claiming that they were an example of “political partisanship” that affected the BoE’s “Olympian detachment”. Continue reading “A tale of two governors”