Bank of England Rational Expectations Hypothesis as promulgated by Walters The handing over of monetary policy to the Bank had been a key plank of the Liberal Democrats' economic policy since the 1992 general election. Conservative MP Nicholas Budgen had also proposed this as a private member's bill in 1996, but the bill failed as it had the support of neither the government nor the opposition. Mark Carney assumed the post of Governor of the Bank of England on 1 July 2013. He succeeded Mervyn King, who took over on 30 June 2003. Carney, a Canadian, will serve an initial five-year term rather
Humphry Morice (Governor of the Bank of England) Humphry Morice (Governor of the Bank of England) Humphry Morice (c.1671 – 16 November 1731) was a British merchant, MP and Governor of the Bank of England. He inherited his father's trading business around the age of eighteen, and learned finance and speculation from an uncle. Placed in Parliament through a cousin's interest in 1713, his Whig politics ultimately provoked a breach with his Tory cousin, and he had to be given another seat in 1722 by Robert Walpole's administration. He rose to be Deputy Governor and then Governor of the Bank of England in 1727, but unknown to his