Outgoing MPC member raises bank independence fears

UK - The independence of the Bank of England could be at risk if it continues to undershoot its target for inflation, a member of the Bank's monetary policy committee has warned.

Sushil Wadhwani, speaking to the Financial Times in his last interview before the end of his three-year term on the committee tomorrow, said he feared the Bank could come under political attack if it were seen as making persistent mistakes.

"Even though the system has had a very good start, it's very important to safeg

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: