Central Banking

No need to reform BoF advisory mon policy council

There is no need to reform the Monetary Policy Council (MPC) of the Bank of France, which advises Governor Jean-Claude Trichet, according to Raymond Douyere, a former Socialist Party parliamentarian appointed to the nine-member MPC in 2000. "Abolishing the MPC would raise questions about the concept of the decentralized eurozone central bank system," Douyere explained in an interview with a newswire.

Since the launch of European Monetary Union in 1999 with the European Central Bank governing c

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