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
Humphry Morice (Governor of the Bank of England) in 1720, and on 5 June 1722, he married Catherine, daughter of Peter Paggen of Wandsworth, Surrey, and widow of William Hale. They had two sons, Humphry (1723–1785) and Nicholas (d. 1748). Morice served as Deputy Governor of the Bank of England from 1725 to 1726, and as Governor from 1727 to 1729. During this period, he defrauded the bank of £29,000 by presenting fictitious bills of exchange for discounting by the Bank. He died suddenly on 16 November 1731, possibly of gout, but he was widely believed to have poisoned himself to forestall exposure. After his death, the enormous