Why am I here?

One doesn't think of central bankers as being preoccupied with existential questions. But some are. Under Mervyn King's stewardship, for instance, the Bank of England has recently had a bout of introspection. As a result, its raison d'etre has been subtly redefined.

One purpose lighter

In the annual report for 2003 the Bank had set itself three "core purposes": "1/Maintaining the integrity and value of the currency; 2/Maintaining the stability of the financial system, both domestic and

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