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
Governor of the Bank of Uganda Governor of the Bank of Uganda The Governor of the Bank of Uganda is chief executive officer and the chairman of the board of directors of the Bank of Uganda. The current governor is Emmanuel Tumusiime-Mutebile, who was first appointed to this position on 1 January 2001, and was re-appointed for a second five-year term on 1 January 2006. In November 2010, he was re-appointed for a third five-year term, effective 12 January 2011. The Bank of Uganda Act stipulates that the Governor and Deputy Governor of the Bank of Uganda shall be appointed by the President of Uganda with