Paul Tucker, the deputy governor for financial stability of the Bank of England, has added his voice to the growing chorus of central bankers calling for greater attention to be paid to money and credit developments.
The Monetary Policy Committee, of which Tucker is a member, at present focuses on a measure of broad money as a gauge of the effectiveness of quantitative easing. The deputy on Tuesday urged rate-setters to ensure that this interest in money and credit developments was sustained in
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