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
Bank of England Act 1696 Bank of England Act 1696 The Bank of England Act 1696 (8 & 9 Will 3 c 20) was an Act of the Parliament of England. It was one of the Bank of England Acts 1694 to 1892. Provisoes or conditions contained in this Act, and in the Bank of England Act 1694 (5 W & M c 20), for determining a fund of £100,000 per annum, and the corporation of the governor and company of the Bank of England, upon the respective notices and payments in both Acts mentioned, were repealed and made void by section 8 of the