Headline: The Rt Hon Sir Edward George, governor of the Bank of England Source: Euromoney Date: September 2001
And although a benign world economy may have contributed a great deal to the UK’s performance in the past nine years, it’s worth asking whether it is entirely coincidental that this stable period has accompanied important changes at the Bank of England. Following the debacle of black Wednesday in September 1992, when sterling was forced out of the ERM, the role of the Bank of England has been simplified and clarified. |