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 National Bank of Romania Governor of the National Bank of Romania The Governor of the National Bank of Romania ("Guvernatorul Băncii Naționale a României") is the head of the National Bank of Romania, being also the president of the Council of Administration of the Bank. He or she is named at the same time as the Council of Administration by the Parliament in a joint session of the Senate and the Chamber of Deputies for a five-year term. The current Council of Administration was voted (named) on 6 October 2009. The current Governor is Mugur Isărescu, the longest continuous serving Governor, with a one-year