BoE’s Posen won’t pursue second term on MPC if wrong on economy

adam-posen

Adam Posen, an external member of the Bank of England's Monetary Policy Committee (MPC), on Sunday said he would not seek re-election to the rate-setting committee if his view about the economy turned out to be wrong.

In an interview with the Guardian, a British daily, Posen said: "If I have made the wrong call, not only will I switch my vote, I would not pursue a second term. They should have somebody who gets it right and not me. I am accountable for my performance. I'm holding my nerve becaus

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