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 Central Bank of Iran Governor of the Central Bank of Iran Governor of the Central Bank of Iran () is the highest administrative authority of the Central Bank of Iran, making decisions concerning all such current affairs of the bank. Presently, the President appoints the governor upon the recommendation of the Minister of Economic Affairs and Finance, who must be verified by the CBI's general assembly. Unlike many countries, the governor of central bank is not mandated to decide on the monetary policy in Iran by himself, but he is head of the body with that responsibility, The Currency and Credit Council, an organ