If quantitative easing is a great big financial experiment, then arguably giving the Bank of England its independence 15 years ago was an even bigger one.
Has that independence been a success? It is something we have asked Dan Conaghan, the author of an excellent book The Bank, to tackle on page eight in this issue of Investment Week. His book, which traces the Bank’s history over the last 15 years, has the pace and drama of a piece of fiction, but of course, what he recounts is very much real life. Historically, the workings of the bank were of little interest to us all, but with the inception of the MPC, a whole new industry grew up reading between the lines of the minutes of the meetings, and a few new animals entered our financial d...
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