Bank of England meets with King and Lomax in place

The Bank of England's interest rate setting MPC began their two day meeting Wednesday. It will be the first time Mervyn King sits on the Committee as governor and the first MPC meeting for Rachel Lomax who takes over from King as the new deputy governor with responsibility for monetary stability. The Financial Times suggests their could be trouble ahead, with the "ferocious" Lomax, and King "not one of nature's delegators" making an explosive combination.

Source: Financial Times

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