FPC members deny charges of 'groupthink'

Clara Furse. Photo: Bank of England

Members of the Bank of England's (BoE) financial policy committee (FPC) are not ensnared by 'groupthink', two external members of the committee said today (March 9).

During testimony before the Treasury Committee, Clara Furse and Richard Sharp said a range of views are aired on the FPC. "I would say we have pretty intense discussions," Furse said.

Furse gave the example of objecting in the December meeting to an increase in the countercyclical capital buffer (CCB), on the grounds of its impact

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