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
The Old Bank of England The Old Bank of England The Old Bank of England is a public house at 194 Fleet Street, where the City of London meets the City of Westminster. It was constructed on a corner site in 1886 by Sir Arthur Blomfield in a grand Italianate style, the interior having three large chandeliers with a detailed plaster ceiling. It is a Grade II listed building. The Bank of England occupied the building from 1888 to 1975 before it was refurbished and put to its current use in 1994. The vaults beneath the pub once contained gold bullion, and are said to