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...