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 within the central bank but controlled by the government. The governor is assisted by an Executive Board comprising, in addition to himself as the chairman, the deputy governor, vice-governors, and the secretary-general of the Currency and Credit Council. The law specifies no fixed term for the governor, however the officeholder is appointed for five years. The governors of Central Bank of Iran are as follows: 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