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”
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.